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

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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.
Minimum Price Fluctuation $0.001 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)
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)
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)
Product Code CME Globex: WCI
CME ClearPort: WCI
Open Outcry: WCI
Clearing: WCI
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: 36 consecutive months
Termination Of Trading Trading shall end on the same day as the underlying futures expiration.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1151
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval The strike price in increment of $0.25 (25¢F) per barrel above and below the at-the-money strike price.
Exercise Style European
Settlement Method Financially Settled
Underlying Canadian Heavy Crude Oil Index (Net Energy) Futures