Chapter 442
Micro Henry Hub Natural Gas Friday Weekly Option
442100.

SCOPE OF CHAPTER
This chapter is limited in application to put and call options on the Micro Henry Hub NaturalGas Futures contract (commodity code: MNG). In addition to the rules of this chapter,transactions in the Micro Henry Hub Natural Gas Friday Weekly Option contract shall be
subject to the general rules of the Exchange insofar as applicable.

442101.

OPTION CHARACTERISTICS
The number of weeks open for trading at a given time shall be determined by the Exchange.
442101.A. Trading Schedule
The hours of trading for this contract shall be determined by the Exchange.
442101.B. Trading Unit
On expiration of a call option, the value will be the settlement price of the first nearby Micro
Henry Hub Natural Gas Futures contract less the strike price, or zero, whichever is greater,
multiplied by 1000. If expiration occurs on or after the monthly option contract and on or before
the first nearby Micro Henry Hub Natural Gas Futures expiration, the value will be thesettlement price of the second nearby Micro Henry Hub Natural Gas Futures contract less thestrike price, or zero, whichever is greater, multiplied by 1000.
On expiration of a put option, the value will be the strike price less the settlement price of thefirst nearby Micro Henry Hub Natural Gas Futures contract, or zero, whichever is greater,
multiplied by 1000. If expiration occurs on or after the Micro Henry Hub Natural Gas monthly
option contract and on or before the first nearby Micro Henry Hub Natural Gas Futures
expiration, the value will be the strike price less the settlement price of the second nearby
Micro Henry Hub Natural Gas Futures contract, or zero, whichever is greater, multiplied by1000.
442101.C. Price Increments
Prices shall be quoted in U.S. dollars and cents per MMBtu. The minimum price fluctuation
shall be $0.001per MMBtu.
442101.D. Position Limits, Exemptions, Position Accountability and Reportable Levels
The applicable position limits and/or accountability levels, in addition to the reportable levels,
are set forth in the Position Limit, Position Accountability and Reportable Level Table in theInterpretations & Special Notices Section of Chapter 5.A Person seeking an exemption fromposition limits for bona fide commercial purposes shall apply to the Market Regulation
Department on forms provided by the Exchange, and the Market Regulation Department may
grant qualified exemptions in its sole discretion. Refer to Rule 559 for requirements concerning
the aggregation of positions and allowable exemptions from the specified position limits.
442101.E. Termination of Trading
Options will expire at the close of trading on a Friday schedule.
If such Friday is an Exchange holiday, the contract shall terminate on the first business day
immediately preceding the Friday.
442101.F. Type of Option
The option is a European-style option cash settled on expiration day.

442102.

EXERCISE PRICES AND CHARACTERISTICS
Transactions shall be conducted for option contracts as set forth in Rule 300.20.

442103.

SPECIAL PRICE FLUCTUATION LIMITSAt the commencement of each trading day, the contract shall be subject to special fluctuation
limits as set forth in Rule 589 and in the Special Price Fluctuation Limits and Daily Price Limits
Table in the Interpretations & Special Notices Section of Chapter 5.

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