CME Group » Energy » Crude Oil Option on Calendar Future
Energy Products
View an Energy Product
Crude Oil Option on Calendar Futures Strip Options
Settlements | Contract Specifications | Performance Bonds / Margins | Product Calendar | Learn More
 


Type
 
Crude Oil Option on Calendar Futures Strip
Underlying Futures WTI Calendar Swap Futures (CS)
Product Symbol 6F
Venue CME Group ClearPort, 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)
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 Crude Oil Option on Calendar Futures Strip contract shall expire one business day prior to the delivery month of the first underlying Crude Oil Calendar Swap Futures (CS) 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 357
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.