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Brent Look-Alike Crude Oil Options
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Type
 
Brent Crude Oil Options
Underlying Futures Brent Crude Oil Last Day Financial Futures (BZ)
Product Symbol OS
Venue CME ClearPort and Open Outcry (New York)
Hours
(All Times are New York Time/ET)		 CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Open Outcry: Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit A Brent Crude Oil Put (Call) Option traded on the Exchange represents an option to assume a short (long) position in the underlying Brent Crude Oil Last Day Financial Futures traded on the Exchange.
Price Quotation U.S. dollars and cents per barrel.
Option Style American
Minimum Fluctuation $0.01 per barrel
Expiration of Trading A Brent Crude Oil Option on the Exchange shall expire at the close of trading three business days prior to the expiration of the underlying Brent Crude Oil Last Day futures contract.
Listed Contracts Up to 72 consecutive months on an annual basis (balance of current year plus five full years) and then June and December contracts for three additional years.
Strike Prices Ten strike prices in increments of $0.50 per barrel per above and below the at-the-money strike price. Strike price boundaries are adjusted according to futures price movements.
Settlement Type Exercise into Futures
Position Limits NYMEX Position Limits
Rulebook Chapter 376
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.