CME Group » Energy » Brent Option on Calendar Futures St
Energy Products
View an Energy Product
Brent Option on Calendar Futures Strip
Settlements | Contract Specifications | Performance Bonds / Margins | Product Calendar | Learn More
 
 
Brent Option on Calendar Futures Strip
Underlying Futures Brent (ICE) Calendar Swap Futures (CY)
Product Symbol BPC
Venue CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)		 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 12 consecutive underlying futures, (January through December).
Price Quotation U.S. Dollars and Cents per barrel
Option Style European (Exercise only on Expiration)
Minimum Fluctuation $0.01 per barrel
Expiration of Trading A Brent Option on Calendar Futures Strip contract shall expire one business day prior to the delivery month of the first underlying Brent (ICE) Calendar Swap Futures (CY) contract."
Listed Contracts Nearest 5 calendar years
Strike Prices Twenty strike prices in increments of $0.50 per barrel above and below the at-the-money strike price, for a total of at least 41 strike prices. Strike price boundaries are adjusted according to price movements of underlying futures contract.
Settlement Type Exercise into Futures
Position Limits NYMEX Position Limits
Rulebook Chapter 826
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.