Option on Henry LD1 Fixed Price Future83049088
ICE Futures U.S.
Option on Henry LD1 Fixed Price Future
Description
An Option on Henry LD1 Fixed Price Future. The monthly cash settled Exchange Futures Contract based upon the monthly price published by NYMEX for the location specified in Reference Price A.
Market Specifications
- Trading Screen Product Name
- NG LD1 Futures
- Trading Screen Hub Name
- Henry
- Trading Screen Product Name
- NG LD1 Futures
- Trading Screen Hub Name
- Henry
- Contract Symbol
- H
- Contract Size
- 2500 MMBtus
- Currency
- USD
- Settlement Method
- Exercise into underlying Futures Contracts
- Contract Series
- 156 Consecutive monthly contracts
- Minimum Price Fluctuation
- The price quotation convention shall be One tenth of a cent ($0.001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
- Last Trading Day
- At 2:30pm EPT on the third Business Day prior to the first calendar day of 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.
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
- The last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Delivery Date
- c) Ref Price A - Specified Price
- Settlement Price
- d) Ref Price A - Pricing calendar
- NYMEX
- e) Ref Price A - Delivery Date
- Contract Period
- 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; Sunday Open 5:50 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- O-Henry Nat Gas
- Physical
- H
- Logical
- HNG
- GMI (FC)
- NN
- ION A.C.N.
- R754
- Symbol Code
- HNG