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DME Oman Crude Oil Average Price Option Options Contract Specs

Options
Underlying Futures DME Oman Crude Oil Swap Futures
Product Symbol DOA
Venue CME Globex, CME 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)
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 On expiration of a call option, the option will be financially settled by subtracting the strike price from the underlying settlement price of the DME Oman Crude Oil Swap Futures contract times 1,000 barrels, or zero, whichever is greater. On expiration of a put option, the option will be financially settled by subtracting the underlying settlement price of the DME Oman Crude Oil Swap Futures contract from the strike price times 1,000 barrels, or zero, whichever is greater.
Price Quotation U.S. dollars and cents per barrel
Option Style Average Price – non-early exercisable option
Minimum Fluctuation $0.001 per barrel
Expiration of Trading A DME Oman Crude Oil Average Price Option shall expire on the last business day of the contract month.
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: 36 consecutive months
Strike Prices Five strike prices in increments of $0.05 above and below the at-the-money strike price, for a total of at least 11 strike prices.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 131
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.