- Trading Screen Product Name
- NG NGI Futures
- Trading Screen Hub Name
- Commodity Code
- Settlement Method
Exercise into Underlying Futures Contract
- Contract Size
- 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.
- Strike Price Intervals
A minimum of ten Strike Prices in increments of $1.00 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 $0.25 increments
- Option Style
- Exercise Method
- Exercise Procedure
Manual exercise or abandon is not permitted.
- Exercise Day
The second Clearing Organization business day following the Last
- Listing Cycle
Up to 60 consecutive monthly Contract Periods, or as otherwise
determined by the Exchange.
- Last Trading Day
At the end of the Trading Session on the last Business Day prior to
the first calendar day of the Contract Period
- 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-MIDWEST (CHICAGO CITYGATE)-NGI
- a) Ref Price A - Description
Description: "NATURAL GAS-MIDWEST (CHICAGO CITYGATE)-NGI" means
that the price for a Pricing Date will be that day's Specified
Price per MMBTU of natural gas for delivery on the Delivery Date,
stated in U.S. Dollars, published under the heading "Spot Gas
Prices: Midwest: Chicago Citygate: avg." in the issue of NGI's
Bidweek Survey that reports prices effective on that Pricing Date.
- b) Ref Price A - Pricing Date
First publication date of the Contract Period
- c) Ref Price A - Specified Price
- d) Ref Price A - Pricing calendar
- e) Ref Price A - Delivery Date
- 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
- Clearing Venues