Sign up

Commodity Futures

Nadex lists a variety of Bull Spread contracts and Binary Options based on a wide range of commodity futures. Small contract sizes give you easy access to these global markets.

See the tables below for the markets listed on Nadex and their respective underlying futures market:

Energies

Nadex Market Underlying Market* Lead Months
Crude Oil NYMEX® Crude Oil Futures Every calendar month
Natural Gas NYMEX® Natural Gas Futures Every calendar month

Metals

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

Agricultural

Nadex Market Underlying Market* Lead Months
Corn CBOT® Corn Futures Mar, May, Jul, Sep, Dec
Soybeans CBOT® Soybean Futures Jan, Mar, May, Jul, Aug, Sep, Nov

Binary Options

For each market, Nadex lists a variety of expiry times:

  • Intraday/hourly (except Corn and Soybeans)
  • Daily
  • Weekly

Within each expiry time, a range of different strike prices are listed (set according to the level of the underlying market from day to day).

For general information on how to trade Binary Options, please see the Binary Options section. For specific details on the Binary Options available on commodities, please see the Contract Specs tab on this page.

Bull Spread Contracts

For each market above, Nadex lists:

  • 1 daily expiry 'Master' Bull Spread contract (a single contract per day with a wide Floor/Ceiling range)
  • 3 daily expiry Bull Spreads (3 contracts per expiry with overlapping moderate Floor/Ceiling ranges)
  • 3 3.75 to 6.5-hour expiry Bull Spreads (3 contracts per expiry with overlapping moderate Floor/Ceiling ranges)
  • 4-5 two-hour expiry Bull Spreads (each consisting of 3 overlapping narrow Floor/Ceiling range contracts)

Bull Spreads expire at various times throughout the trading day, with the latest expiry time being the end of the trading day for the specified market. The Floor/Ceiling ranges will be set according to market conditions at the time the contracts are listed. Please note: Only daily expiry Bull Spreads are available for Corn and Soybean markets.

For more information on how to trade Bull Spread contracts, please see the Bull Spreads section. For specific details on the Bull Spread contracts available on commodities, please see the Contract Specs tab on this page.

*NYMEX is a registered service mark of the New York Mercantile Exchange, Inc. COMEX is a registered service mark of the Commodity Exchange, Inc. CBOT is a registered mark of the Board of Trade of the City of Chicago, Inc. Nadex, Inc. is not affiliated with the New York Mercantile Exchange, Inc., the Commodity Exchange, Inc., or the Board of Trade of the City of Chicago, Inc. and neither the New York Mercantile Exchange, Inc., the Commodity Exchange, Inc., the Board of Trade of the City of Chicago, Inc., nor their affiliates, sponsor or endorse Nadex, Inc. or its products in any way.

Commodity Futures: Contract Specs

Please ensure you understand how our products work before entering into any transaction.

The following details are common to both Bull Spread contracts and Binary Options. Click here to view the futures symbol rollover schedule for all products.

  • All times are given in ET
  • Trading hours are subject to holidays

Binary Options

Binary Options are listed as follows. For all Binary Options, the Tick Size is 1 and the Tick Value is $1. The Minimum Increment is 0.25. The position limit for all Binary Options on commodities is 2500 contracts (except Silver, which has a position limit of 2000).*

Market and Duration Expiration Strike Width No. Contracts Trading Hours
Crude Oil
Intraday** Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm 1.00 3 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
Natural Gas
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
Gold
Intraday** Mon-Fri: 10am, 11am, 12pm, 1pm 5.0 3 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
Silver
Intraday** Mon-Fri: 10am, 11am, 12pm, 1pm 20 3 For 2hrs preceding Expiration
Daily Mon-Fri, 1:25pm 20 15 Mon, 3am-1:25pm; Mon-Fri, 6pm-1:25pm
Weekly Fri, 1:25pm 100 13 Mon, 3am-5pm; Mon-Thu, 6pm-5pm; Thu-Fri, 6pm-1:25pm
Copper
Intraday Mon-Fri: 10am, 11am, 12pm 7.5 3 For 2hrs preceding Expiration
Daily Mon-Fri, 1pm 2.0 15 Mon, 3am-1pm; Mon-Fri, 6pm-1pm
Weekly Fri, 1pm 5.0 13 Mon, 3am-5pm; Mon-Thu, 6pm-5pm; Thu-Fri, 6pm-1pm
Corn
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
Soybeans
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

Bull Spreads

Bull Spread contracts are listed according to the following table. The Tick Value for all Bull Spread contracts is $1. The minimum increment on each contract is equivalent to the Tick Size for that particular market. Click here to view position limits for Bull Spreads on commodities.*

Market and Duration Expiration Range No. Contracts Trading Hours Tick Size
Crude Oil
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
Natural Gas
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
Gold
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
Silver
2-hour Mon-Fri: 10am, 11am, 12pm, 1pm 50 3 For 2hrs preceding Expiration 1
5.5-hour Mon-Fri, 1:25pm 150 3 Mon-Fri, 6pm-1:25pm 1
Daily Mon-Fri, 1:25pm 200 3 Mon, 3am-1:25pm; Mon-Fri, 6pm-1:25pm 1
Daily Mon-Fri, 1:25pm 400 1 Mon, 3am-1:25pm; Mon-Fri, 6pm-1:25pm 1
Copper
2-hour Mon-Fri: 10am, 11am, 12pm, 1pm 8.0 3 For 2hrs preceding Expiration 0.1
5-hour Mon-Fri, 1pm 25.0 3 Mon-Fri, 6pm-1pm 0.1
Daily Mon-Fri, 1pm 30.0 3 Mon, 3am-1pm; Mon-Fri, 6pm-1pm 0.1
Daily Mon-Fri, 1pm 60.0 1 Mon, 3am-1pm; Mon-Fri, 6pm-1pm 0.1
Corn
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
Soybeans
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

* The position limit defines the maximum aggregate position that any individual can hold or control in any particular class of contract. For more information, please refer to Rule 5.20 and the specific product rules in the Nadex Rules.

** 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 (please note this is a PDF file).

Join Nadex

It costs nothing to become a direct member of Nadex, with free access to our exchange and platform.

Start trading today

Nadex Academy

Learn how to trade the financial markets with our free education area.

Learn more

© 2009-2014 Nadex, Inc | Binary Trading

Nadex is subject to U.S. regulatory oversight by the CFTC.

The maximum risk for any trade is fixed and required in advance so you cannot be called upon for further funds. But please remember these are volatile instruments and there is a high risk of losing your initial investment on each individual transaction.