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DME Oman Crude Oil Average Price Option Options Contract Specs

Options
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.
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: DOA
CME ClearPort: DOA
Open Outcry: DOA
Clearing: DOA
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: 36 consecutive months
Termination Of Trading A DME Oman Crude Oil Average Price Option shall expire on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 131
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval 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.
Exercise Style Average Price – non-early exercisable option
Settlement Method Financially Settled
Underlying DME Oman Crude Oil Swap Futures