NYMEX Platinum Options

Trading Hours: 8:20 a.m. to 2:30 p.m., New York time.

Underlying Asset: One NYMEX platinum futures contract.

Contract Months: Trading in platinum options shall be conducted in the nearest three contiguous calendar contract months, plus the next two months of the quarterly cycle (i.e., January, April, July and October)

Min Price Fluct.: Price changes are registered in multiples of ten cents ($. 10) per troy ounce.

Max. Price Fluct.: None

Last Trading Day: Second Friday of the month prior to the delivery month of the option contract traded.

Strike Price Intervals: Strike prices are in increments of $20. ON the first trading day for any platinum option contract month, there will be seven listed strike prices. The strike prices created will included the one with the strike price nearest the previous trading day's settlement price of the underlying futures month plus the next three higher and the next three lower strike prices. If the underlying settlement is precisely midway between two strike prices, it should be rounded off to the lower strike price. On any business day, no later than six business days prior to the expiration of the option, new strike prices will be added such that at all times there will be at least three strike prices above and below the at-the-money strike price available for trading in all options contract months.

Exercise: By a Clearing Member of the NYMEX Clearing House not later than 6:00 pm, or 45 minutes after the price of the option being exercised or the underlying futures settlement price is posted, whichever is later, on any day up to and including the option's expiration. Call buyers acquire a long position in the underlying futures contract; put buyers, a short position. Call writers are assigned a short position in the underlying futures contract; put writers a long position.


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