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Crude Oil Option on Quarterly Futures Strip Options
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Type
 
Crude Oil Option on Quarterly Futures Strip
Underlying Futures WTI Calendar Swap Futures (CS)
Product Symbol 6E
Venue CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)		 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 3 consecutive futures beginning with the underlying month of the option contract.
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 Quarterly 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 4 consecutive quarters
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 356
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.