- Trading Screen Product Name
- NG Pen Futures
- Trading Screen Hub Name
- Contract Symbol
PHH is the contract symbol for Henry Penultimate Fixed
PHE is the contract symbol for the Option on Henry
Penultimate Fixed Price Future
- Settlement Method
Exercise into Underlying Futures Contract
- Contract Size
- Minimum Price Fluctuation
The price quotation convention shall be One hundredth of a cent ($0.0001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
- Contract Series
Up to 84 consecutive monthly Contract Periods
- Last Trading Day
At 2:30pm EPT on the fourth Business Day prior to the first calendar day of the Contract Period
- Option Style
Manual exercise or abandon is not permitted
Options which are "in the money", with respect to Reference Price
A, exercise automatically into the Underlying Futures Contract with
a contract price equal to the Strike Price.
Options which are "out of the money", expire automatically.
The Last Trading Day
- REFERENCE PRICE A
- a) Ref Price A - Description
"NATURAL GAS-NYMEX" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on the NYMEX of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by the NYMEX on that Pricing Date.
- b) Ref Price A - Pricing Date
One Business Day prior to the last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Delivery Date
- c) Ref Price A - Specified Price
- d) Ref Price A - Pricing calendar
- e) Ref Price A - Delivery Date
- Strike Price Listing Provisions
A minimum of 10 Strike Prices in increments of $0.25 per MMBtu
above and below the at-the-money Strike Price. Strike Price
boundaries are adjusted according to futures price movements.
User-defined Strike Prices are allowed in $0.001 increments.
- MIC Code
- Clearing Venues