Option on Henry LD1 Same Day Fixed Price Future6590276
ICE Futures U.S.
Option on Henry LD1 Same Day Fixed Price Future
Description
A daily Option on the corresponding Contract Period of the Henry LD1 Same Day Fixed Price Future.
Market Specifications
- Trading Screen Product Name
- NG LD1 Futures Daily
- Trading Screen Hub Name
- Henry
- Contract Symbol
- SDH
- Settlement Method
- Exercise into Underlying Futures Contract
- Contract Size
- 2500 MMBtus
- Currency
- USD
- 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
- 6 consecutive Business Day Contract Periods
- Last Trading Day
- At 2:30pm EPT on the Business Day equal to the Contract Period
- Option Style
- European
- Exercise Procedure
- Automatic Only
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.
Exercise Day is the Last Trading Day - REFERENCE PRICE A
- NATURAL GAS-NYMEX
- 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
- Contract Period
- c) Ref Price A - Specified Price
- Settlement price
- d) Ref Price A - Pricing calendar
- NYMEX
- e) Ref Price A - Delivery Date
- First Nearby Month
- Strike Price Listing
- 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
- IFED
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
*Next Day
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- O-Henry Nat Gas
- Physical
- SDH
- Logical
- SDH
- GMI (FC)
- -<
- ION A.C.N.
- Symbol Code
- SDH