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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  5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
CME ClearPort: Sunday - Friday  5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
Open Outcry: Monday - Friday  8:00 a.m. - 1:30 p.m. CT
Product Code CME Globex: BQP
CME ClearPort: BQP
Open Outcry: BQP
Clearing: BQP
Listed Contracts CME Globex: 1 quarter
CME ClearPort and Open Outcry: Quarterly contracts listed for 4 consecutive quarters
Termination Of Trading Trading terminates one business day prior to the first contract of the underlying future.
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 Dynamically generated strike prices at 0.5 intervals
Exercise Style European (Exercise only on Expiration)
Settlement Method Deliverable
Underlying Brent Financial Futures