Rookie Question on NG options

Discussion in 'Commodity Futures' started by Kirribilli, Aug 17, 2016.

  1. Using IB to sell some puts on NG. I see ON and LNE contracts, and the only difference seems to be cash versus physical delivery. Why the difference in prices, like 0.043 v. 0.430. Is the NG futures contract a mini or something?
     
  2. MattZ

    MattZ Sponsor

    I tried and look at that and it seems to me that ON is Globex and its American style options where you get out any time. LNE seems to be European style options where you have to wait to expiration. I hope this helps.
     
  3. Anyone know why IB rejects orders for the LNE cash settled options?