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Contract specifications
- Contract symbol
- NGK7
- Product
- Natural Gas (NG)
- Exchange
- NYMEX
- Delivery month
- May 2027 (code K)
- Last trading day
- April 28, 2027
- Default rolls on
- April 24, 2027 (4 days before)
- Tick size
- 0.001
- Tick value
- $10.00
- Point value
- $10,000.00
- Next delivery
- NGM7 (May 27, 2027)
When NGK7 stops trading
Trading terminates 3 business days prior to the first day of the delivery month. For NGK7 that falls on April 28, 2027.
Senzoukria stops offering NGK7 as the default contract on April 24, 2027, 4 calendar days before that last trading day, and keeps it selectable with a badge. The date is computed from the exchange rule rather than stored. The engine counts Monday to Friday and holds no CME holiday table, so a date that falls next to a public holiday can be one day off the exchange calendar. Check the exchange calendar when the date sits close to a holiday.
When the volume actually leaves
Energy contracts expire monthly, so the roll is a routine of every month rather than every quarter. Volume leaves the expiring month several sessions before its last trading day, and the spread between the two months widens as it does.
For NGK7 the next listed delivery is NGM7, whose last trading day is May 27, 2027. That is the contract the volume moves into, just as it moved out of NGJ7 on March 25, 2027.
What one tick is worth on NGK7
The minimum price fluctuation is 0.001, which is $10.00 per contract on a multiplier of 10000. A full point is therefore $10,000.00. On a footprint chart one row is one tick, so the same vertical space holds a different number of rows depending on the product: a tick of 0.001 sets how finely the bid and ask volume of NG can be read.
These are the values the app itself trades on, taken from its contract table rather than retyped, so the P&L shown on a NGK7 position and the rows of its footprint come from the same numbers.
Every NG delivery listed in 2027
NG lists 12 delivery months a year (F, G, H, J, K, M, N, Q, U, V, X, Z). NGK7 is number 5 of 12 in 2027.
| Contract | Delivery | Last trading day | Default rolls on |
|---|---|---|---|
| NGF7 | Jan 2027 | Dec 29, 2026 | Dec 25, 2026 |
| NGG7 | Feb 2027 | Jan 27, 2027 | Jan 23, 2027 |
| NGH7 | Mar 2027 | Feb 24, 2027 | Feb 20, 2027 |
| NGJ7 | Apr 2027 | Mar 29, 2027 | Mar 25, 2027 |
| NGK7 (this page) | May 2027 | Apr 28, 2027 | Apr 24, 2027 |
| NGM7 | Jun 2027 | May 27, 2027 | May 23, 2027 |
| NGN7 | Jul 2027 | Jun 28, 2027 | Jun 24, 2027 |
| NGQ7 | Aug 2027 | Jul 28, 2027 | Jul 24, 2027 |
| NGU7 | Sep 2027 | Aug 27, 2027 | Aug 23, 2027 |
| NGV7 | Oct 2027 | Sep 28, 2027 | Sep 24, 2027 |
| NGX7 | Nov 2027 | Oct 27, 2027 | Oct 23, 2027 |
| NGZ7 | Dec 2027 | Nov 26, 2027 | Nov 22, 2027 |
NGK7 and MNGK7 side by side
NG and MNG track the same underlying, but NG is 10 times the size of MNG: $10.00 a tick against $1.00. Both quote on the same 0.001 tick. NGK7 and MNGK7 share the same last trading day, April 28, 2027, so a position in either rolls on the same date.
The practical difference is position sizing rather than behaviour. MNG lets a 10-contract position carry the same exposure as one NG, which makes partial exits possible on a small account; NG carries the deeper book, so its footprint and its depth of market are the ones to read even when the position is held in MNG.
Related pages
- NG — Henry Hub Natural Gas
- Contract roll
- Futures month codes
- Tick value
- Front month contract
- Roll yield
- Continuous contract
- MNG — Micro Henry Hub Natural Gas
- NGM7
- NGJ7
- NG 2027
- MNGK7
In the same section
This page in other languages
Frequently asked questions
- When does NGK7 expire?
- The last trading day of NGK7 is April 28, 2027. Trading terminates 3 business days prior to the first day of the delivery month.
- When should I roll out of NGK7?
- The app switches its default to the next listed month on April 24, 2027, which is NGM7. In practice the volume moves before the calendar does, so compare the traded volume and open interest of the two months rather than waiting for the last trading day.
- How much is one tick of NGK7 worth?
- One tick of 0.001 is $10.00 per contract, and a full point is $10,000.00, on a multiplier of 10000.