Listing of Three (3) New Natural Gas Option Contracts

Effective Sunday, November 23, 2014, for trade date Monday, November 24, 2014, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list the three (3) new financially-settled natural gas option contracts listed below.

The contract titles, codes, rule chapters are provided below:

These new contracts will be listed for one month on CME Globex, and for 36 consecutive contract months on the NYMEX trading floor, and for submission of clearing through CME ClearPort. 

Also concurrent with the launch of these contracts and pending all relevant CFTC regulatory review periods, the Exchange will permit block trading pursuant to Rule 526 (Block Trades) in these contracts at a block trade minimum threshold of fifteen (15) contracts. 

CONTRACT SPECIFICATIONS:

•          Option Type: European Style option

•          First Listing: December 2014

•          Contract Size: 2,500 MMBtu

•          Termination of Trading: Option will expire on the termination day of the underlying fixed price futures.

•          Minimum Price Tick: $0.0001 per MMBtu

•          Value per Tick: $25.00

•          Strike Prices: dynamic strike price generation in increments of $0.001 per MMBtu

•          Trading and Clearing Hours:

Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT).

CME ClearPort and CME Globex: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

Exchange Fees

Please refer questions on this subject to:

Research and Product Development

Adila Mchich                             adila.mchich@cmegroup.com                                        (212) 299-2270

Products and Services

Jeff White                                 Jeff.white@cmegroup.com                                            (212) 299-2325