Contract Specs

Read our contract specs for important information on contract expiration, underlying markets, tick size, position limits and more.

Please ensure you understand the relevant contract specs before trading. All times are EST and trading hours are subject to holidays.

For definitions of the terms used in these specs, please refer to our Glossary; for the rollover schedule for Nadex futures, click here.


Our metals contracts are based on the underlying COMEX/NYMEX® Futures.

Nadex market Underlying market Lead months
GOLD COMEX/NYMEX® Gold Futures Feb, Apr, Jun, Aug, Dec
SILVER COMEX/NYMEX® Silver Futures Mar, May, Jul, Sep, Dec
COPPER COMEX/NYMEX® Copper Futures Mar, May, Jul, Sep, Dec

Contract specs for metals binary options

  • Tick size is 1
  • Tick value is $1
  • Minimum increment is 0.25
GOLD
Duration Expiration Strike width No. of contracts Trading hours
Intraday Mon-Fri: 10am,
11am, 12pm, 1pm
1.5 9 For 2hrs preceding Expiration
  Daily Mon-Fri, 1:30pm 3.0 23 Mon, 3am-1:30pm; Mon-Fri, 6pm-1:30pm
  Weekly Fri, 1:30pm 10.0 13 Mon, 3am-5pm; Mon-Thu, 6pm-5pm; Thu-Fri, 6pm-1:30pm

 

Position limit: 2,500    Reportable level: 1,750

SILVER
Duration Expiration Strike width No. of contracts Trading hours
Intraday Mon-Fri: 10am,
11am, 12pm, 1pm
0.05
9 For 2hrs preceding Expiration
Daily Mon-Fri, 1:25pm
0.20
15 Mon, 3am-1:25pm; Mon-Fri, 6pm-1:25pm
Weekly Fri, 1:25pm 0.50 13 Mon, 3am-5pm; Mon-Thu, 6pm-5pm; Thu-Fri, 6pm-1:25pm

Position limit: 2,000    Reportable level: 1,400

COPPER
Duration Expiration Strike width No. of contracts Trading hours
Intraday Mon-Fri: 10am,
11am, 12pm
0.075
3 For 2hrs preceding Expiration
  Daily Mon-Fri, 1pm
0.02
15 Mon, 3am-1pm; Mon-Fri, 6pm-1pm
  Weekly Fri, 1pm
0.05
13 Mon, 3am-5pm; Mon-Thu, 6pm-5pm; Thu-Fri, 6pm-1pm

 

Position limit: 2,500    Reportable level: 1,750

Contract specs for metals bull spreads

  • Tick value is $1
  • Minimum increment is equivalent to tick size
GOLD Duration Expiration Range
No. of contracts Trading hours Tick
size
  2-hour Mon-Fri: 10am,
11am, 12pm, 1pm
15.0 3 For 2hrs preceding Expiration 0.1
  5.5-hour Mon-Fri, 1:30pm 40.0 3 Mon-Fri, 8am-1:30pm 0.1
  Daily Mon-Fri, 1:30pm 50.0 3 Mon, 3am-1:30pm; Mon-Fri, 6pm-1:30pm 0.1
  Daily Mon-Fri, 1:30pm 100.0 1 Mon, 3am-1:30pm; Mon-Fri, 6pm-1:30pm 0.1

 

Position limit: 60,000    Reportable level: 4,166

SILVER Duration Expiration Range
No. of contracts Trading hours Tick
size
2-hour Mon-Fri: 10am,
11am, 12pm, 1pm
0.50
3 For 2hrs preceding Expiration 0.01
5.5-hour Mon-Fri, 1:25pm
1.50
3 Mon-Fri, 8am-1:25pm
0.01
Daily Mon-Fri, 1:25pm
2.00
3 Mon, 3am-1:25pm; Mon-Fri, 6pm-1:25pm
0.01
Daily Mon-Fri, 1:25pm
4.00
1 Mon, 3am-1:25pm; Mon-Fri, 6pm-1:25pm
0.01

Position limit: 100,000    Reportable level: 3,125

COPPER Duration Expiration Range
No. of contracts Trading hours Tick
size
2-hour Mon-Fri: 10am,
11am, 12pm, 1pm
0.08
3 For 2hrs preceding Expiration 0.001
5-hour Mon-Fri, 1pm
0.25
3 Mon-Fri, 8am-1pm
0.001
Daily Mon-Fri, 1pm
0.30
3 Mon, 3am-1pm; Mon-Fri, 6pm-1pm
0.001
Daily Mon-Fri, 1pm
0.60
1 Mon, 3am-1pm; Mon-Fri, 6pm-1pm
0.001

Position limit: 20,833    Reportable level: 2,083

Our energies contracts are based on NYMEX® Futures.

Nadex market Underlying market Lead months
CRUDE OIL NYMEX® Crude Oil Futures
Every calendar month
NATURAL GAS NYMEX® Natural Gas Futures
Every calendar month

Contract specs for energies binary options

  • Tick size is 1
  • Tick value is $1
  • Minimum increment is 0.25
CRUDE
OIL
Duration Expiration Strike width No. of contracts Trading hours
  Intraday
Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm
0.2
9 For 2hrs preceding Expiration
  Daily Mon-Fri, 2:30pm
0.50
23 Mon, 3am-2:30pm; Mon-Fri, 6pm-2:30pm
  Weekly Fri, 2:30pm
1.00 13 Mon, 3am-5pm; Mon-Thu, 6pm-5pm; Thu-Fri, 6pm-2:30pm

 

Position limit: 2,500    Reportable level: 1,750

NATURAL GAS
Duration Expiration Strike width No. of contracts Trading hours
  Intraday
Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm
0.20
3 For 2hrs preceding Expiration
  Daily Mon-Fri, 2:30pm
0.04
15 Mon, 3am-2:30pm; Mon-Fri, 6pm-2:30pm
  Weekly Fri, 2:30pm
0.10 13 Mon, 3am-5pm; Mon-Thu, 6pm-5pm; Thu-Fri, 6pm-2:30pm

 

Position limit: 2,500    Reportable level: 1,750

Contract specs for energies bull spreads

  • Tick value is $1
  • Minimum increment is equivalent to tick size
CRUDE
OIL
Duration Expiration Range
No. of contracts Trading hours Tick
size
  2-hour Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm
1.50 3 For 2hrs preceding Expiration 0.01
  6.5-hour Mon-Fri, 2:30pm
3.00 3 Mon-Fri, 8am-2:30pm
0.01
  Daily Mon-Fri, 2:30pm 5.00 3 Mon, 3am-2:30pm; Mon-Fri, 6pm-2:30pm
0.01
  Daily Mon-Fri, 2:30pm 10.00 1 Mon, 3am-2:30pm; Mon-Fri, 6pm-2:30pm
0.01

 

Position limit: 25,000    Reportable level: 1,250

NATURAL GAS
Duration Expiration Range
No. of contracts Trading hours Tick
size
  2-hour Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm
0.200
3 For 2hrs preceding Expiration 0.001
  6.5-hour Mon-Fri, 2:30pm
0.400
3 Mon-Fri, 8am-2:30pm
0.001
  Daily Mon-Fri, 2:30pm 0.500
3 Mon, 3am-2:30pm; Mon-Fri, 6pm-2:30pm
0.001
  Daily Mon-Fri, 2:30pm 1.000
1 Mon, 3am-2:30pm; Mon-Fri, 6pm-2:30pm
0.001

 

Position limit: 25,000    Reportable level: 1,250

Our agricultural contracts are based on the underlying CBOT® Futures.

Nadex market Underlying market Lead months
CORN CBOT® Corn Futures
Mar, May, Jul, Dec
SOYBEANS CBOT® Soybean Futures
Jan, Mar, May, Jul, Nov

Contract specs for agriculturals binary options

  • Tick size is 1
  • Tick value is $1
  • Minimum increment is 0.25
CORN
Duration Expiration Strike width No. of contracts Trading hours
Daily Mon-Fri, 2:15pm
2.0
15 Mon-Fri, 10:30am-2:15pm
Weekly Fri, 2:15pm
5.0
7 Mon-Fri, 10:30am-2:15pm

 

Position limit: 2,500    Reportable level: 1,750

SOYBEANS
Duration Expiration Strike width No. of contracts Trading hours
Daily Mon-Fri, 2:15pm
3.0
15 Mon-Fri, 10:30am-2:15pm
Weekly Fri, 2:15pm
10.0
7 Mon-Fri, 10:30am-2:15pm

 

Position limit: 2,500    Reportable level: 1,750

Contract specs for agriculturals bull spreads

  • Tick value is $1
  • Minimum increment is equivalent to tick size
CORN
Duration Expiration Range
No. of contracts Trading hours Tick
size
Daily Mon-Fri, 2:15pm 20.0 3 Mon-Fri, 10:30am-2:15pm
0.1
Daily Mon-Fri, 2:15pm 40.0 1 Mon-Fri, 10:30am-2:15pm
0.1

 

Position limit: 62,500    Reportable level: 3,125

SOYBEANS
Duration Expiration Range
No. of contracts Trading hours Tick
size
Daily Mon-Fri, 2:15pm 40.0 3 Mon-Fri, 10:30am-2:15pm
0.1
Daily Mon-Fri, 2:15pm 80.0 1 Mon-Fri, 10:30am-2:15pm
0.1

 

Position limit: 31,250    Reportable level: 1,562

Pursuant to Nadex Rule 12.1(e), in instances where a duplicate strike width would be generated under the applicable product rule, the strike width for that contract will be adjusted by the pre-determined levels described in this chart (PDF, 121KB).

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