| Brent Crude Oil Options | |||||
|---|---|---|---|---|---|
| Underlying Futures | Brent Crude Oil Last Day Financial Futures (BZ) | ||||
| Product Symbol | Globex: OSX Clearing: OS |
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| Venue | CME Globex, CME ClearPort and Open Outcry (New York) | ||||
| Hours (All Times are New York Time/ET) |
CME Globex: | 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) | |||
| 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. | ||||