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Brent Crude Oil 1 Month Spread Option Contract Specs

Options
Contract Unit A Brent Calendar Spread Put Option on the Exchange represents an option to assume a short position in the first Expiring Brent Crude Oil Penultimate Financial Futures in the spread and a long position in the second expiring Brent Crude Oil Penultimate Financial Futures in the spread on the Exchange. A Brent Calendar Spread Call Option represents an option to assume a long position in the first expiring Brent Crude Oil Penultimate Financial Futures in the spread and a short position in the second expiring Brent Crude Oil Penultimate Financial Futures in the spread traded on the Exchange.
Minimum Price Fluctuation $0.01 per barrel
Price Quotation U.S. dollars and cents per barrel.
Trading Hours CME Globex: 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)
Open Outcry: Monday - Friday 9:00 a.m. - 2:30 p.m. New York time/ET (8:00 a.m. - 1:30 p.m. Chicago Time/CT)
CME ClearPort: 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: AA
CME ClearPort: AA
Open Outcry: AA
Clearing: AA
Listed Contracts Monthly contracts listed for 12 consecutive months.
Termination Of Trading Trading shall cease on the last 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 394
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures  Strike Price Listing Procedures Table
Exercise Style European
Settlement Method Deliverable
Underlying Brent Crude Oil Futures