Option on Henry Penultimate 4-Month Calendar Spread Future55410820

Description

A monthly Option on the corresponding Contract Period of the Henry Penultimate 4-Month Calendar Spread Future

Market Specifications

Trading Screen Product Name
NG Pen Futures
Trading Screen Hub Name
Henry CSO 4 Month
Commodity Code
HHR
Settlement Method
Exercise into Underlying Futures Contract
Contract Size
2500 MMBtus
Currency
USD
Minimum Price Fluctuation
The price quotation convention shall be One hundredth of a cent ($0.0001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Contract Series
Up to 72 consecutive monthly Contract Period
Last Trading Day
At 2:30pm EPT on the fourth Business Day prior to the first calendar day of the Contract Period
Option Style
European
Exercise Method
Automatic Only
Exercise Procedure
Manual exercise or abandon is not permitted
Exercise Day
The Last Trading Day
Automatic Exercise Provisions
Options which are "in the money", with respect to Reference Price A, exercise automatically into the Underlying Futures Contract with a contract price equal to the Strike Price. Options which are "out of the money", expire automatically.
REFERENCE PRICE A
NATURAL GAS-NYMEX
a) Ref Price A - Description
"NATURAL GAS-NYMEX" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on the NYMEX of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by the NYMEX on that Pricing Date.
b) Ref Price A - Pricing Date
One Business Day prior to the last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Delivery Date
c) Ref Price A - Specified Price
Settlement price
d) Ref Price A - Pricing calendar
NYMEX
e) Ref Price A - Delivery Date
Contract Period
REFERENCE PRICE B
NATURAL GAS-NYMEX
a) Ref Price B - Description
"NATURAL GAS-NYMEX" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on the NYMEX of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by the NYMEX on that Pricing Date.
b) Ref Price B - Pricing Date
One Business Day prior to the last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Delivery Date
c) Ref Price B - Specified Price
Settlement Price
d) Ref Price B - Pricing Calendar
NYMEX
e) Ref Price B - Delivery Date
Fifth Nearby Month
Strike Price Listing Provisions
A minimum of 10 Strike Prices in increments of $0.25 per MMBtu above and below the at-the-money Strike Price. Strike Price boundaries are adjusted according to futures price movements. User-defined Strike Prices are allowed in $0.001 increments.
MIC Code
IFED
Clearing Venues
ICEU
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Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM*
00:50 - 23:00
12:40 AM
00:40
Singapore8:50 AM - 7:00 AM*
08:50 - 07:00
8:40 AM
08:40

*Next Day

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Henry CSO
Physical
HHR
Logical
HHR
GMI(FC)
R&N A.C.N.