Option on Eastern Gas Fixed Price Future68406695
ICE Futures U.S.
Option on Eastern Gas Fixed Price Future
Description
A monthly Option on the corresponding Contract Period of the Eastern Gas Fixed Price Future.
Market Specifications
- Trading Screen Product Name
- NG IF Futures
- Trading Screen Hub Name
- Eastern Gas-South
- Contract Symbol
- DSF
- 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.
- Strike Price Intervals
- 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 $0.001 increments.
- Option Style
- European
- Exercise Procedure
- Automatic Only
Manual exercise or abandon is not permitted
Options which are "in the money", with respect to Reference Price A, exercise automatically into the Underlying Futures Contract with a contract price equal to the Strike Price. Options which are "out of the money" expire automatically.
Exercise Day: The second Clearing Organization business day following the Last Trading Day - Listing Cycle
- Up to 60 consecutive monthly Contract Periods, or as otherwise determined by the Exchange.
- Last Trading Day
- At the end of the Trading Session on the last Business Day prior to the first calendar day of the Contract Period.
- REFERENCE PRICE A
- NATURAL GAS-APPALACHIA (EASTERN GAS - APPALACHIA)-INSIDE FERC
- a) Ref Price A - Description
- "NATURAL GAS-APPALACHIA (EASTERN GAS - APPALACHIA)-INSIDE FERC" means that the price for a Pricing Date will be that day's Specified Price per MMBTU of natural gas for delivery on the Delivery Date, stated in U.S. Dollars, published under the heading “Monthly Bidweek Spot Gas Prices ($/MMBtu): Appalachia: Eastern Gas, Appalachia : Index" in the issue of Inside FERC that reports prices effective on that Pricing Date.
- b) Ref Price A - Pricing Date
- First publication date of the Contract Period
- c) Ref Price A - Specified Price
- Index
- d) Ref Price A - Pricing calendar
- Inside FERC
- e) Ref Price A - Delivery Date
- Contract Period
- 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 5:40 PM ET; Sunday Open 5:50 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- O-Basis Master
- Physical
- DSF
- Logical
- DSF
- GMI (FC)
- LR
- ION A.C.N.
- Symbol Code
- DSF