JKM LNG (PLATTS) Options83049953
ICE Futures Europe
JKM LNG (PLATTS) Options
Description
The JKM LNG (Platts) Options contract is an option on the JKM LNG (Platts) Future contract. At expiry, one lot of JKM LNG (Platts) Options will exercise into one lot of the relevant JKM LNG (Platts) Futures.
Market Specifications
- Trading Screen Product Name
- LNG Futures (JKM Bullet)
- Trading Screen Hub Name
- JKM
- Contract Symbol
- JKZ
- Contract Series
- Up to 156 consecutive monthly Contract Periods, or as otherwise determined by the Exchange. Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip
- Contract Size
- 10,000 MMBtu
- Unit of Trading
- 10,000 MMBtus
- Minimum Trading Size
- Futures: 1 lot = 10,000 MMBtu
Exchange for Physical (EFP): 1 lot = 10,000 MMBtu
Exchange for Swap (EFS): 1 lot = 10,000 MMBtu
Block Order : 5 lots = 50,000 MMBtu - Price Quotation
- The contract price is in United States dollar and cent per MMBTU
- Minimum Price Fluctuation
- Half of one cent per MMBtu ($0.005/MMBtu)
- Tick Value
- Contract Size x Minimum Trade Size x Minimum Price Fluctuation
- Strike Price Increments
- A minimum of 10 strike prices in increments of $0.10 above and below the at-the-money Strike Price. Strike Price boundaries are adjusted according to futures price movements. The Exchange may add one or more strike prices nearest to the last price listed as necessary.
- Last Trading Day
- Trading will cease when the intraday settlement price of the relevant underlying futures contract is set, on the day on which the ICE Endex Dutch TTF Natural Gas Options (Futures Style Margin) (TFO) expires, prior to the relevant underlying futures becomes the front month.
- Option Style
- European Style
- Option Premium
- Futures Style
- Exercise Procedure
- Expires into a corresponding JKM LNG (Platts) Futures contract with European-style exercise. If the option is not abandoned, automatic exercise will occur for options which are one or more ticks in the money.
At-The-Money and Out-of-The-Money options will expire worthless.
Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option. - MIC Code
- IFEU
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 5:00 PM* 19:50 - 17:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 10:00 PM 00:50 - 22:00 | 12:40 AM 00:40 |
| SINGAPORE | 7:50 AM - 5:00 AM* 07:50 - 05:00 | 7:40 AM 07:40 |
Sunday Pre-Open at 5:40 PM ET and Open at 5:50 PM ET; Closed on Saturday.
Codes
- Clearing Admin Name
- O-LNG JKM
- Physical
- JKZ
- Logical
- JKZ
- GMI (FC)
- ION A.C.N.
- Symbol Code
- JKZ