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As per the circulars dated 19th April 2024, the Multi Commodity Exchange of India announces the launch of two new options contracts: Natural Gas Mini Options and Crude Oil Mini Options. These contracts will be available for trading from 23rd April 2024 onwards.
The Contract Specifications are mentioned below:
| Particulars | Natural Gas Mini Options | Crude Oil Mini Options |
| Symbol | NATGASMINI | CRUDEOILM |
| Trading Unit | 250 MMBtu | 10 barrels |
| Quotation | Rs. per MMBtu | Rs. per barrel |
| Initial Margin | Minimum 10% or based on SPAN | As per MCXCCL circulars |
| Extreme Loss Margin (ELM) | Minimum 1% of the total contract value | As per MCXCCL circulars |
| Tick Size (Minimum Price Movement) | ₹. 0.10 | ₹. 0.05 |
| Settlement | Cash | Cash |
| Trading Period | Monday to Friday | Monday to Friday |
| Contract Launch Date | 23rd April 2024 | 23rd April 2024 |
| Option Contract Expiry Dates | 24 May 2024; 21 June 2024; etc. | 14 June 2024; 17 July 2024; etc. |
*MMBtu - Metric Million British Thermal Unit
For more details on the contract specifications, refer to Natural Gas Mini and Crude Oil Mini circulars.
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