 |
NYMEX Contract Specs and Margins
Energy
Metals
| Energy
Group |
| Commodity |
Contract
Size |
Tick
Size |
Contract
Months |
Initial
Margin |
Maintenance
Margin |
|
|
1,000
U.S. barrels (42,000 gallons). |
$0.01
(1¢) per barrel ($10.00 per contract). |
30
consecutive months plus long-dated futures
initially listed 36, 48, 60, 72, and 84
months prior to delivery. |
$3,375 |
$2,500 |
| Natural
Gas (NG) |
10,000
million British thermal units (mmBtu). |
$0.001
(0.1¢) per mmBtu ($10.00 per contract). |
72
consecutive months commencing with the next
calendar month |
$6,750 |
$5,000 |
|
|
42,000
U.S. gallons (1,000 barrels). |
$0.0001
(0.01¢) per gallon ($4.20 per contract). |
Trading
is conducted in 18 consecutive months
commencing with the next calendar month |
$3,375 |
$2,500 |
| Unleaded
Gasoline (HU) |
42,000
U.S. gallons (1,000 barrels). |
$0.0001
(0.01¢) per gallon ($4.20 per contract). |
12
consecutive months. |
$3,375 |
$2,500 |
|
|
1,000
barrels. |
$0.01
(1¢) per barrel ($10.00 per contract). |
18
consecutive months. |
$3,375 |
$2,500 |
|
(PN) |
42,000
U.S. gallons (1,000 barrels). |
$0.0001
(0.01¢) per gallon ($4.20 per contract). |
Trading
is conducted in 15 consecutive months
commencing with the next calendar month |
$2,025 |
$1,500 |
|
|
1,550
tons of coal. |
$0.01
per ton ($15.50 per contract). |
24
to 26 consecutive months based on a
quarterly schedule. As contracts expire, the
26th month will roll forward until it
becomes the 23rd month. At that point, new
24th, 25th, and 26th month contracts will be
added. |
$1,350 |
$1,000 |
| (CH) |
A
long crack call, or a short crack put, are
defined as the assignment of futures
positions involving at exercise one long
underlying heating oil futures contract and
one short underlying light, sweet crude oil
contract. |
$0.01
(1¢) per barrel ($10.00 per options
contract). |
Six
consecutive months, plus two quarterly
months on a March, June, September, and
December rotation. |
$810 |
$600 |
|
|
A
long crack call, or a short crack put, are
defined as the assignment of futures
positions involving at exercise one long
underlying gasoline futures contract and one
short underlying light, sweet crude oil
contract.
|
$0.01
(1¢) per barrel ($10.00 per options
contract). |
Six
consecutive months, plus two quarterly
months on a March, June, September, and
December rotation. |
$810 |
$600 |
|
(QG) |
4,000
million British thermal units(mmBtu). |
$0.005
per mmBtu |
The
first nearby month until the fourth-to-last
day of trading in the contact,when the
second nearby is also listed. |
$2,700 |
$2,000 |
|
|
400
barrels.
|
$0.025
per barrel. |
The
first nearby month until the fourth-to-last
trading in the contact, when the second
nearby is also listed. |
$1,350 |
$1,000 |
|
| Metals
Group |
| Commodity |
Contract
Size |
Tick
Size |
Contract
Months |
Initial
Margin |
Maintenance
Margin |
|
|
100
troy ounces. |
Price
changes are registered in multiples of 10¢
($0.10) per troy ounce, equivalent to $10
per contract. A fluctuation of $1 is,
therefore, equivalent to $100 per contract. |
Trading
is conducted for delivery during the current
calendar month, the next two calendar
months, any February, April, August, and
October thereafter falling within a 23-month
period, and any June and December falling
within a 60-month period beginning with the
current month. |
$1,500 |
$1,500 |
| Silver
(SI) |
5,000
troy ounces. |
Price
changes for outright transactions, including
EFPs, are in multiples of one-half cent (0.5¢
or $0.005) per troy ounce, equivalent to
$25.00 per contract. |
Trading
is conducted for delivery during the current
calendar month, the next two calendar
months, any January, March, May, and
September thereafter falling within a
23-month period, and any July and December
falling within a 60-month period beginning
with the current month. |
$1,000 |
$1,000 |
|
|
25,000
pounds. |
Price
changes are registered in multiples of five
one hundredths of one cent ($0.0005, or 0.05¢)
per pound, equal to $12.50 per contract. A
fluctuation of one cent ($0.01 or 1¢) is
equal to $250.00 per contract. |
Trading
is conducted for delivery during the current
calendar month and the next 23 consecutive
calendar months. |
$1,000 |
$1,000 |
| Aluminum
(AL) |
44,000
pounds of aluminum. |
$0.0005
(.05¢) per pound ($22.00 per contract). |
Trading
is conducted for delivery during the current
calendar month and the next 24 consecutive
calendar months. |
$800 |
$800 |
|
|
50
troy ounces. |
Prices
changes are in multiples of $0.10 (10¢) per
troy ounce, $5.00 per contract. |
Trading
is conducted over 15 months beginning with
the current month and the next two
consecutive months before moving into the
quarterly cycle of January, April, July, and
October. |
$1,760 |
$1,600 |
| Palladium
(PA) |
100
troy ounces. |
Price
changes are in multiples of $0.05 (5¢) per
troy ounce ($5.00 per contract). |
Trading
is conducted over 15 months beginning with
the current month and the next two
consecutive months before moving into the
quarterly cycle of March, June, September,
and December. |
$2,750 |
$2,500 |
|
|
|
|
