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New York Harbor No. 2 Heating Oil
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Product Symbol
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HO
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Venue
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CME Globex, CME ClearPort, Open Outcry (New York) |
Hours
(All Times are New York Time/ET)
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CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. CT)
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Contract Unit
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A Heating Oil Put (Call) Option traded on the Exchange represents an option to assume a short (long) position in the underlying futures contract traded on the Exchange. |
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Price Quotation
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U.S. dollars and cents per gallon. |
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Minimum Fluctuation
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$0.0001 per gallon
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Expiration of Trading
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Expiration occurs three business days before the expiration of the underlying futures contract.
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Listed Contracts
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36 consecutive months.
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Strike Prices
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Twenty strike prices in $0.01 per gallon increments above and below the at-the-money strike price, and the next 10 strike prices in $0.05 increments above the highest and below the lowest existing strike prices for a total of at least 61 strike prices. The at-the-money strike price is the nearest to the previous day's close of the underlying futures contract. Strike price boundaries are adjusted according to the futures price movements.
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Settlement Type
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Exercise into Futures |
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Position Limits
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NYMEX Position Limits
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Rulebook Chapter
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320
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Exchange Rule
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These contracts are listed with, and subject to, the rules and regulations of NYMEX.
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