HEATING OIL FUTURES TRADING:
Heating Oil accounts for ¼ of the yield of a barrel of crude, the second largest portion after gasoline. There are two contract denominations for trade:
Maximum Daily Price Fluctuation is $0.25 per gallon.
Contract Expiration: Request Free Demo to gain access to our web-based trading platform. From within the web-based platform you will have access to view complete contract specifications, including First Notice and Last Trading day.
Margin requirements are subject to change, and are required for open futures positions.
Both Heating Oil futures contracts available for trade on the CME Globex electronic trading platform and clears through the New York Mercantile Exchange. Open outcry trading is conducted from 7:00 AM PT until 11:30 AM PT. Electronic trading is conducted from 3:00PM PT through 2:15PM PT the next day, with only a 45-minute break in trading each day.
Trading example: If you were to purchase 1 contract of HO at $3.000 and the next day it moves to $3.0250, you have a profit of $1,050. Inversely, if the price were to move down to $2.9750 you would have a loss of $1,050. For less risk/volatility you can trade the e-miNY contract which is ½ the size.
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To make sense of the information provided and learn how to trade futures please read through our futures education.
This information is from sources believed
to be reliable, but Expo Futures will not be held responsible
for either its accuracy or completeness. Please
note that all times posted are in Pacific Standard Time
and are subject to change.
For information on a particular contract not listed, please feel free to contact us.