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Canadian Heavy Crude Oil Index (Net Energy) Average Price Option Contract Specs

Options
Underlying Futures Canadian Heavy Crude Oil (Net energy) Index Futures (WCC)
Product Symbol WCI
Venue CME Globex, CME ClearPort and Open Outcry (New York)
Hours
(All Times are New York Time/ET)
CME Globex: 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)
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 A Canadian Heavy Crude Oil (Net Energy) Index Average Price Call Option traded on the Exchange represents the differential between the final settlement price of the underlying Canadian Heavy Crude Oil (Net Energy) Index futures less the strike price, or zero whichever is greater, multiplied by 1,000 barrels. A Canadian Heavy Crude Oil (Net Energy) Index Average Price Put Option represents the differential between the strike price and the final settlement price of the underlying Canadian Heavy Crude Oil (Net Energy) Index futures, or zero, whichever is greater, multiplied by 1,000 barrels.
Price Quotation U.S. dollars and cents per barrel
Option Style European
Minimum Fluctuation $0.001 per barrel
Expiration of Trading Trading shall end on the same day as the underlying futures expiration.
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: 36 consecutive months
Strike Prices The strike price in increment of $0.25 (25¢F) per barrel above and below the at-the-money strike price.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 1151
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.