urgent question about oil emini's

Discussion in 'Energy Futures' started by joeyata1, Aug 24, 2005.

  1. why is there only one contract available which is oct? it says it expires oct 1st is that correct? each contract is $500 a pt right?
     
  2. txuk

    txuk

    Hi joeyata1, the miny contract is for 500 barrels and it expires the day before the large contract. The next month's miny contract becomes available to trade during the last ten days of the current contract.

    The spec is at:
    http://www.nymex.com/QM_spec.aspx