Gasoline Blendstock Futures and Options Contract Specifications
CALL 1-888-456-8090 TO BEGIN TRADING TODAY!INTERNATIONAL INVESTORS CALL 1-541-773-5741
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Gasoline Blendstock Futures and Options Contract SpecificationsCALL 1-888-456-8090 TO BEGIN TRADING TODAY!INTERNATIONAL INVESTORS CALL 1-541-773-5741 |
Reformulated Gasoline Blendstock for Oxygen Blending (RBOB)
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| Product Symbol | RB | ||||
| Venue | CME Globex, CME ClearPort, Open Outcry (New York) | ||||
| Hours (All Times are New York Time/ET) |
CME Globex: | Sunday – Friday 6:00 p.m. – 5:15 p.m. (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. (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 AM to 2:30 PM (8:00 AM to 1:30 PM CT) | ||||
| Contract Unit | 42,000 gallons | ||||
| Price Quotation | U.S. dollars and cents per gallon. | ||||
| Minimum Fluctuation | $0.0001 per gallon | ||||
| Termination of Trading | Trading in a current delivery month shall cease on the last business day of the month preceding the delivery month. | ||||
| Listed Contracts | 36 consecutive months | ||||
| Settlement Type | Physical | ||||
| Delivery | Please see rulebook chapter 191 | ||||
| Delivery Period | |||||
| Grade and Quality Specifications | |||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 191 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||
New York Harbor RBOB Gasoline (Physical) options are the right but not the obligation to buy or sell a crude oil futures contract at a specified strike price.
| Underlying Futures | RBOB Gasoline Futures (RB) | ||||
| Product Symbol | OB | ||||
| Venue | CME Globex, CME ClearPort, Open Outcry (New York) | ||||
| Hours (All Times are New York Time/ET) |
CME ClearPort: | Sunday – Friday 6:00 p.m. – 5:15 p.m. (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 Globex: | Sunday – Friday 6:00 p.m. – 5:15 p.m. (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 AM to 2:30 PM (8:00 AM to 1:30 PM CT) | ||||
| Contract Unit | A RBOB Gasoline 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. | ||||
| Price Quotation | U.S. dollars and cents per gallon. | ||||
| Option Style | American | ||||
| Minimum Fluctuation | $0.0001 per gallon | ||||
| Expiration of Trading | Expiration occurs three business days before the underlying futures contract. | ||||
| Listed Contracts | 36 consecutive months. | ||||
| Strike Prices | 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. | ||||
| Settlement Type | Physical | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 335 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||
