Natural Gas Futures: 10,000 million British thermal units.
Natural Gas Futures: NG
Natural Gas Futures: Dollars and cents per MMBtu (IE $2.035 per MMBtu).
Minimum Price Fluctuation
Natural Gas Futures: $0.001 the equivalent of 0.1 ¢ per MMBtu, which is $10 per contract.
Last Trading Day
Natural Gas Futures: Trading ends 3 business days before the first calendar day of the delivery month.
Exchange of Futures For, or in Connection with, Physicals (EFP)
The commercial buyer or seller may exchange a futures position for a
physical position of equal quantity by submitting a notice to the
Exchange. EFPs may be used to either initiate or liquidate a futures
Margins are required for open futures positions. The margin requirement
for an options purchaser will never exceed the premium paid.
Natural Gas Futures Trading Months
Natural Gas Futures : 36 consecutive months commencing with the next calendar
month (IE on October 2, 1998, trading occurs in all months
from November 1998 through October 2001). Options: 12
consecutive months, plus 15, 18, 21, 24, 27, 30, 33, and
36 months on a June/December cycle.
Natural gas futures trade in New York. This market
becomes more volatile as we head into the winter months.
Some traders prefer to trade options on the natural
gas market. Commodities trading involves risk. This
market can be traded online or with the help of our