Gold Options Contract Specs.
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| Trading Unit | One COMEX Division gold futures contract. |
| Price Quotation | U.S. dollars and cents per troy ounce. |
| Trading Hours (All times are New York time) | Open outcry trading is conducted from 8:20 AM until 1:30 PM. |
| Trading Months | The nearest six of the following contract months: February, April, June, August, October, and December. Additional contract months - January, March, May, July, September, and November - will be listed for trading for a period of two months. A 60-month options contract is added from the current calendar month on a June/December cycle. The options are American-style and can be exercised at any time up to expiration. On the first day of trading for any options contract month, there will be 13 strike prices each for puts and calls. |
| Minimum Price Fluctuation | $0.10 (10¢) per troy ounce ($10.00 per contract). |
| Maximum Daily Price Fluctuation | No price limits. |
| Last Trading Day | Expiration occurs on the fourth business day prior to the underlying futures delivery month. If the expiration day falls on a Friday or immediately prior to an Exchange holiday, expiration will occur on the previous business day. |
| Exercise Of Options | Until one hour after the contract market close, New York time, on any business day for which the options contract is listed for trading. On expiration day, the buyer has until 4:30 PM, New York time, to exercise an options contract. |
| Strike Prices | $10.00 per ounce apart for strike prices below $500, $20.00 per ounce apart for strike prices between $500 and $1,000, $50.00 per ounce apart for strike prices above $1,000. For the nearest six contract months, strike prices will be $5.00, $10.00, and $25.00 apart, respectively. |
| Margin Requirements | Margins are required for open short options positions. The margin requirement for an options purchaser will never exceed the premium paid. |
| Trading Symbol | OG |