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Trade Unleaded Gas
Futures
Unleaded Gas Futures
Contract Specs
To trade Unleaded Gas futures,
open a futures
trading account.
Gasoline is the largest single volume refined product
sold in the United States and accounts for almost half of
national oil consumption. It is a highly diverse market,
with hundreds of wholesale distributors and thousands of
retail outlets, often making it subject to intense
competition and price volatility.
The NYMEX Division New York harbor gasoline futures
contract trades in units of 42,000 gallons (1,000
barrels). It is based on delivery at petroleum products
terminals in the harbor, the major East Coast trading
center for imports and domestic shipments from refineries
in the New York harbor area or from the Gulf Coast
refining centers.
Along with the futures contracts, options contracts,
calendar spread options contracts, crack spread options
contracts, and average price options contracts provide a
slate of flexible, liquid financial instruments.
The contract specifications conform to those for
reformulated gasoline, required in many areas for
controlling emissions that can adversely affect air
quality. To ensure that the terms and conditions of the
gasoline futures contract continue to mirror the cash
market, the Exchange maintains close contact with federal
and state officials and continues to evaluate changes in
the regulations.
| Unleaded Gas Futures Info: |
Mexican Peso
Futures Charts, Quotes, Options |
| Trading Unit |
42,000 U.S. gallons (1,000 barrels). |
| Trading Hours: |
Open outcry trading is conducted
from 10:05 AM until 2:30 PM. |
| Price Quotation |
U.S. dollars and cents per gallon. |
| Trading Months: |
12 consecutive months. |
| Ticker Symbol: |
HO |
| Minimum Fluctuation: |
$0.0001 (0.01¢) per gallon ($4.20
per contract). |
|
Margin Requirements: |
Margins are required for open futures positions. |
| Last Trading Day: |
Trading terminates at the close of
business on the last business day of the month
preceding the delivery month. |
| Daily Limit on Price Movement: |
$0.25 per gallon ($10,500 per
contract) for all months. If any contract is traded,
bid, or offered at the limit for five minutes,
trading is halted for five minutes. When trading
resumes, the limit is expanded by $0.25 per gallon
in either direction. If another halt were triggered,
the market would continue to be expanded by $0.25
per gallon in either direction after each successive
five-minute trading halt. There will be no maximum
price fluctuation limits during any one trading
session. |
| Position Limits: |
7,000 contracts for all months
combined, but not to exceed 1,000 in the last three
days of trading in the spot month. |
These contract specifications are subject to change.
Content Provided by NYMEX.com
Other Futures Contract Specs
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