Metals Weekly options are based on their underlying futures contract. They have weekly expiries and are available on Gold futures (Mon., Tues., Wed,, Thurs., Fri.), Silver futures (Mon., Tues., Wed,, Thurs., Fri.), Copper futures (Mon., Tues., Wed., Thurs., Fri., plus three additional week one Wednesdays) and Micro Gold futures (Mon., Wed., Fri.).

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Gold Weekly option 

• Monday: G1M, G2M, G3M, G4M, G5M
• Tuesday: G1T, G2T, G3T, G4T, G5T
• Wednesday: G1W, G2W, G3W, G4W, G5W
• Thursday: G1R, G2R, G3R, G4R, G5R
• Friday: OG1, OG2, OG3, OG4, OG5

Silver Weekly option

• Monday: M1S, M2S, M3S, M4S, M5S
• Tuesday: S1T, S2T, S3T, S4T, S5T
• Wednesday: W1S, W2S, W3S, W4S, W5S
• Thursday: R1S, R2S, R3S, R4S, R5S
• Friday: SO1, SO2, SO3, SO4, SO5

Copper Weekly option

• Monday: H1M, H2M, H3M, H4M, H5M
• Tuesday: H1T, H2T, H3T, H4T, H5T
• Wednesday: H1W, H2W, H3W, H4W, H5W
• Thursday: H1R, H2R, H3R, H4R, H5R
• Friday: H1E, H2E, H3E, H4E, H5E

Micro Gold Weekly option

• Monday: 1MG, 2MG, 3MG, 4MG, 5MG
• Wednesday: 1WG, 2WG, 3WG, 4WG, 5WG
• Friday: 1FG, 2FG, 3FG, 4FG, 5FG

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The option contracts are available to trade on-screen via CME Globex and for submission for clearing through CME ClearPort. ClearPort trades can be submitted bilaterally between counterparties or via permissioned brokers. To find more information about CME ClearPort registration, visit Registering for CME ClearPort.

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Gold Weekly options
The Gold Weekly option contracts are 100 troy ounces, the same size as Gold futures.  The contracts are priced in U.S. dollars and cents per troy ounce and the minimum price fluctuation is $0.10 per troy ounce.

Silver Weekly options
The Silver Weekly option contracts are 5,000 troy ounces, the same size as Silver futures.  The contracts are priced in U.S. dollars and cents per troy ounce and the minimum price fluctuation is $0.001 per troy ounce.

Copper Weekly options
The Copper Weekly option contracts are 25,000 pounds, the same size as Copper futures.  The contracts are price in U.S. dollars and cents per pound and the minimum price fluctuation is $0.0005 per pound.

Micro Gold Weekly options
The Micro Gold Weekly option contracts are 10 troy ounces, the same size as Micro Gold futures and 1/10 the size of the benchmark Gold futures contract. The contracts are priced in U.S. dollars and cents per troy ounce and the minimum price fluctuation is $0.10 per troy ounce.

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• Weekly option contracts for Gold, Silver and Micro Gold are listed for four weeks
• Weekly option contracts for Copper are listed for four weeks plus three additional week one Wednesday contracts
• No weekly contracts listed with the same expiry day as the monthly option

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Gold Weekly option
Minimum 40 strikes at $5.00 per troy ounce increment above and below the at-the-money strike plus dynamic strikes at $5.00 per troy ounce increment above and below the highest and lowest pre-listed strikes.

Silver Weekly option
Minimum 20 strikes at $0.05 per troy ounce increment above and below the at-the-money strike. Then, 20 strikes at $0.25 per troy ounce increment above and below the highest and lowest pre-listed $0.05 increment plus dynamic strikes at $0.05 per troy ounce increment.

Copper Weekly option
Minimum 20 strikes at $0.05 per pound increment above and below the at-the-money strike plus dynamic strikes at $0.05 per pound increment above and below the highest and lowest pre-listed strikes.

Micro Gold Weekly option
Minimum 40 strikes at $5.00 per troy ounce increment above and below the at-the-money strike.

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• Weekly Monday options: Expire on Monday of the contract week
• Weekly Tuesday options: Expire on Tuesday of the contract week
• Weekly Wednesday options: Expire on Wednesday of the contract week
• Weekly Thursday options: Expire on Thursday of the contract week
• Weekly Friday options: Expire on Friday of the contract week

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Gold Weekly option
The closest to expiry of a non-spot February, April, June, August, October or December Gold futures contract, unless such expiration day is after the expiry of the associated monthly option for those months. In such case, the contract will be exercisable into a future in the second closest to expiry February, April, June, August, October or December Gold futures contract.

Silver Weekly option
The closest to expiry of a non-spot March, May, July, September or December Silver futures contract, unless such expiration day is after the expiry of the associated monthly option for those months. In such case, the contract will be exercisable into a future in the second closest to expiry March, May, July, September or December Silver futures contract.

Copper Weekly option
The closest to expiry of a non-spot March, May, July, September or December Copper futures contract, unless such expiration day is after the expiry of the associated monthly option for those months. In such case, the contract will be exercisable into a future in the second closest to expiry March, May, July, September or December Copper Futures contract.

Micro Gold Weekly option
The closest to expiry of a non-spot February, April, June, August, October or December Micro Gold futures contract, unless such expiration day is after the expiry of the associated monthly option for those months. In such case, the contract will be exercisable into a future in the second closest to expiry February, April, June, August, October or December Micro Gold futures contract.

For the Options Expiration Calendar, please click here. 

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CME Globex Pre-open: Sunday 4:00 p.m. - 5:00 p.m. Central time/CT Monday - Thursday 4:45 p.m. - 5:00 p.m. CT

CME Globex: Sunday 5:00 p.m. – Friday 4:00 p.m. CT with a daily maintenance period from 4:00 p.m. - 5:00 p.m. CT

CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday from 4:00 p.m. – 5:00 p.m. CT

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Contact your clearing member or metals@cmegroup.com to get more information on getting set-up to trade the contract on CME Globex and/or as a block trade on CME ClearPort.

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Weekly option contracts have a block trade minimum and trades need to be reported by the broker, or by the counterparties for a bilateral trade, within 15 minutes of execution.  

• Gold Weekly option: 10 contracts minimum
• Silver Weekly option: 10 contracts minimum
• Copper Weekly option: 10 contracts minimum
• Micro Gold Weekly option: 25 contracts minimum

https://www.cmegroup.com/clearing/trading-practices/block-trades.html#comex

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• Gold Weekly option, please see COMEX Rulebook [COMEX Chapter 1008]
• Silver Weekly option, please see COMEX Rulebook [COMEX Chapter 1009]
• Copper Weekly option, please see COMEX Rulebook [COMEX Chapter 1010]
• Micro Gold Weekly option, please see COMEX Rulebook [COMEX Chapter 125]

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