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Brent Crude Oil Calendar Spread Quarterly Strip Options Contract Specs

Options
Contract Unit 3 consecutive futures beginning with the underlying month of the option contract.
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. - 5:15 p.m. New York time/ET (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)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (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 a.m. - 2:30 p.m. New York time/ET (8:00 a.m. - 1:30 p.m. Chicago Time/CT)
Product Code CME Globex: BQP
CME ClearPort: BQP
Open Outcry: BQP
Clearing: BQP
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: Nearest 4 consecutive quarters
Termination Of Trading A Brent Option on Quarterly Futures Strip contract shall expire one business day prior to the delivery month of the first underlying Brent (ICE) Calendar Swap Futures (CY) contract."
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 827
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval 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.
Exercise Style European (Exercise only on Expiration)
Settlement Method Deliverable
Underlying Brent Financial Futures