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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. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 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. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code CME Globex: DOA
CME ClearPort: DOA
Open Outcry: DOA
Clearing: DOA
Listed Contracts Monthly contracts listed for 36 consecutive months.
Termination Of Trading Trading terminates 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 Price Listing Procedures  Strike Price Listing Procedures Table
Exercise Style Average Price – non-early exercisable option
Settlement Method Financially Settled
Underlying DME Oman Crude Oil Swap Futures