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Brent Crude Oil Last Day Financial Calendar Spread (2 Month) Options Contract Specs

Options
Contract Unit A Brent Crude Oil Last Day Financial Calendar Spread Put Option traded on the Exchange represents the cash difference between the strike price and the settlement price of the second expiring Brent Crude Oil Last Day Financial Futures in the spread less the settlement price of the first expiring Brent Crude Oil Last Day Financial Futures in the spread multiplied by 1,000 barrels, or zero, whichever is greater. A Brent Crude Oil Last Day Financial Calendar Spread Call Option traded on the Exchange represents the cash difference between the settlement price of the first expiring Brent Crude Oil Last Day Financial Futures in the spread less the settlement price of the second expiring Brent Crude Oil Last Day Financial Futures in the spread and the strike price multiplied by 1,000 barrels, or zero, whichever is greater.
Minimum Price Fluctuation $0.01 per barrel
Price Quotation U.S. dollars and cents per barrel.
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code CME Globex: 9B
CME ClearPort: 9B
Clearing: 9B
Listed Contracts Monthly contracts listed for 2 consecutive months.
Termination Of Trading A Brent Crude Oil Last Day Financial Calendar Spread Option on the Exchange shall expire at the close of trading one business day immediately preceding the expiration of the first expiring futures contract in the spread. Please note that the last trading day for contract months March 2016 and onwards were amended on 9 December 2013 - see SER 6887 for details.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 398
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style European
Settlement Method Financially Settled
Underlying Brent Last Day Financial Futures