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Brent Financial Average Price Options Contract Specs

Options
Contract Unit On expiration of a call option, the value will be the difference between the settlement price of the underlying Brent Financial Futures and the strike multiplied by 1,000, or zero, whichever is greater. On expiration of a put option, the value will be the difference between the strike price and the settlement price of the underlying Brent Financial Futures 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: BA
CME ClearPort: BA
Clearing: BA
Listed Contracts Monthly contracts are listed for the current year and the next 7 consecutive calendar years.Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.
Termination Of Trading Trading terminates on the last business day of the calendar month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 379
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style Average Price – non-early exercisable option
Settlement Method Financially Settled
Underlying Brent Financial Futures