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Brent Crude Oil Daily Options Contract Specs

Options
Contract Unit 1,000 barrels. A Daily Brent Crude Oil Put Option contract traded on the Exchange represents the cash difference between the exercise price and the settlement price of the first nearby Brent Crude Oil Penultimate Financial Futures contract multiplied by 1,000, or zero, whichever is greater. A Daily Crude Oil Call Option contract traded on the Exchange represents the cash difference between the settlement price of the first nearby Brent Crude Oil Penultimate Financial Futures contract and the exercise price multiplied by 1,000, 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: ODB
CME ClearPort: ODB
Clearing: ODB
Listed Contracts Daily contract listed for 1 day.
Termination Of Trading Trading terminates  at the close of the business day that it was initially listed on.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 870
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 Crude Oil Penultimate Financial Futures