Trading Hours: 8:20 a.m. to 2:30 p.m., New York time.
Trading Symbol: OG
Underlying Asset: One COMEX gold futures contract.
Contract Months: The nearest four 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.
Min Price Fluctuation: Price changes are registered in multiples of ten cents ($. 1 0) per troy ounce.
Strike Price Intervals: $10/oz. apart for strike prices below $500
$20/oz. apart for strike prices between $500 and $ 1,000
$50/oz. apart for strike prices above $1,000
On the first day of trading for any option contract month, there will be thirteen strike prices each for puts and calls.
Expiration: Second Friday of the month prior to the delivery month of the underlying futures contract.
Exercise: Until 3:00 p.m., New York time, on any business day for which the option is listed for trading, On expiration day, the buyer has until 4:00 p.m., New York time, to exercise an option.
: Upon exercise, option holders receive the appropriate short or long COMEX gold futures contract by way of a book entry. Writers of options who receive a notice of exercise are assigned the opposite futures position.