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Dubai Crude Oil (Platts) Average Price 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 Dubai Crude Oil (Platts) Calendar 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 Dubai Crude Oil (Platts) Calendar Swap Futures contract from the strike price times 1,000 barrels, or zero, whichever is greater.
Minimum Price Fluctuation $0.01 per barrel
Price Quotation U.S. dollars and cents per barrel
Trading Hours 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: AAH
CME ClearPort: AH
Clearing: AH
Listed Contracts Monthly contracts listed for the current year and the next 5 calendar years. Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.
Termination Of Trading Trading terminates on the last London and Singapore business day of the contract month
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 516
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style Average Price – non-early exercisable option
Settlement Method Financially Settled
Underlying Dubai Crude Oil (Platts) Financial Futures