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ICE Futures Europe

JKM LNG (Platts) Average Price Options

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Description

The JKM LNG (Platts) Average Price Options contract is an option on the JKM LNG (Platts) Future contract. At expiry, one lot of JKM LNG (Platts) Average Price Options will exercise into one lot of JKM LNG (Platts) Futures.

Market Specifications

Trading Screen Product Name
LNG Futures
Trading Screen Hub Name
JKM
Contract Symbol
JKM
Contract Series
Up to 156 consecutive monthly Contract Periods, or as otherwise determined by the Exchange. Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip
Contract Size
10,000 MMBtu
Unit of Trading
10,000 MMBtus
Minimum Trading Size
Futures: 1 lot = 10,000 MMBtu
Exchange for Physical (EFP): 1 lot = 10,000 MMBtu
Exchange for Swap (EFS): 1 lot = 10,000 MMBtu
Block Order : 5 lots = 50,000 MMBtu
Price Quotation
The contract price is in United States dollar and cent per MMBTU
Minimum Price Fluctuation
Half of one cent per MMBtu ($0.005/MMBtu)
Tick Value
Contract Size x Minimum Trade Size x Minimum Price Fluctuation
Strike Price Increments
This contract will support strike prices with increments of $0.10 within a range of $1 to $25. This range may be revised from time to time according to future price movements. The at-the-money strike price is the closest interval nearest to the previous business day's settlement price of the underlying contract
Last Trading Day
Trading will cease on the 15th calendar day of the calendar month prior to the contract month. If the 15th calendar day is not a business day then trading will cease on the next preceding business day.
Option Style
European Style
Option Premium
Futures Style
Exercise Procedure
Expires into a corresponding JKM LNG (Platts) Futures contract with European-style exercise. If the option is not abandoned, automatic exercise will occur for options which are one or more ticks in the money.

At-The-Money and Out-of-The-Money options will expire worthless.

The Futures resulting from exercise immediately goes to cash settlement.
Exchange Rulebook
MIC Code
IFEU
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London11:50 PM - 10:00 PM*
23:50 - 22:00
11:40 PM
23:40
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

Codes

Clearing Admin Name
O-LNG JKM
Physical
JKM
Logical
JKM
GMI (FC)
K\
ION A.C.N.
Symbol Code
JKM