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Dated Brent (Platts) Average Price Option
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Type
 
Dated Brent (Platts) Average Price Option
Underlying Futures Dated Brent (Platts) Calendar Swap Futures (UB)
Product Symbol DBP
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 A Dated Brent (Platts) Average Price Call Option traded on the Exchange represents the differential between the final settlement price of the underlying Dated Brent (Platts) Calendar Swap Futures contract less the strike price, or zero whichever is greater, multiplied by 1,000. A Dated Brent (Platts) Average Price Put Option represents the differential between the strike price and the final settlement price of the underlying Dated Brent (Platts) Calendar Swap Futures contract, or zero, whichever is greater, multiplied by 1,000.
Price Quotation U.S. dollars and cents per barrel
Option Style Average Price – non-early exercisable option
Minimum Fluctuation $0.01 per barrel
Expiration of Trading Last business day of the contract month
Listed Contracts 36 consecutive months
Strike Prices Prices shall be quoted in dollars and cents per Barrel.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 1078
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.