Palladium Futures (PA) — Contract Specifications
NYMEX · Metals
The least liquid of the four precious metals contracts; spreads are correspondingly wider.
Contract specifications
| Exchange symbol | PA |
|---|---|
| Exchange | NYMEX |
| Contract size | 100 troy ounces |
| Minimum tick | $0.10 per troy ounce |
| Value per tick | $10.00 |
| Contract months | Mar, Jun, Sep, DecMonth codes: H, M, U, Z |
| Settlement | Physical delivery |
| Trading hours | Sun–Fri 18:00–17:00 ET, 60-minute break each day at 17:00 ET |
What one tick is worth
The minimum price increment is $0.10 per troy ounce. Because the contract covers 100 troy ounces, each tick is worth $10.00 per contract.
This contract is physically delivered. Holding it past first notice day starts the delivery process, so traders without a use for the underlying normally close or roll well before then — see how rollover works.
Other contracts on this market
| Contract | Size | Per tick |
|---|---|---|
| Platinum PL · NYMEX | 50 troy ounces | $5.00 |