Chapter 125
Micro Gold Weekly Option
125100.

SCOPE OF CHAPTER
This chapter is limited in application to weekly put and call options on the Micro Gold Futurescontract. In addition to the rules of this chapter, transactions in the Micro Gold Weekly Monday
Option, Micro Gold Weekly Wednesday Option and Micro Gold Weekly Friday Option contracts
shall be subject to the general rules of the Exchange insofar as applicable.

1258101.

OPTION CHARACTERISTICS
The number of weeks open for trading at a given time shall be determined by the Exchange.
125101.A. Trading Schedule
The hours of trading for this contract shall be determined by the Exchange.
125101.B. Trading Unit
A Gold Weekly call option traded on the Exchange represents an option to assume a longposition in the closest to expiry of a non-spot February, April, June, August, October, orDecember Micro Gold Futures contract, unless such expiration day is after the expiry of theassociated monthly option for those months. In such case, the contract will be exercisable into
a future in the second closest to expiry February, April, June, August, October, or December
Micro Gold Futures contract. A Gold Weekly put option traded on the Exchange represents anoption to assume a short position in the closest to expiry of a non-spot February, April, June,August, October, or December Micro Gold Futures contract, unless such expiration day is after
the expiry of the associated monthly option for those months. In such case, the contract will beexercisable into a future in the second closest to expiry February, April, June, August, October,or December Micro Gold Futures contract.
125101.C. Price Increments
Prices shall be quoted in dollars and cents per ounce and prices shall be in multiples of $0.10
per troy ounce. The minimum price increment will be $0.01.
125101.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 from position limits for bona fide commercial purposes shallapply to the Market Regulation Department on forms provided by the Exchange, and theMarket 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.
125101.E. Termination of Trading
Micro Gold Weekly Monday Option
Options will expire at the close of trading on a Monday schedule. If such Monday is an
Exchange holiday, the weekly option will not be listed for trading.
Micro Gold Weekly Wednesday Option
Options will expire at the close of trading on a Wednesday schedule. If such Wednesday is anExchange holiday, the weekly option will not be listed for trading.
Micro Gold Weekly Friday Option
Options will expire at the close of trading on a Friday schedule. If such Friday is an Exchange
holiday, the weekly option will not be listed for trading.
125101.F. Type Option
The option is an American-style option which can be exercised on any Business Day prior toand until expiration day.

125102.

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

125103.

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.