| Dubai Crude Oil (Platts) Average Price Option | |||||
|---|---|---|---|---|---|
| Underlying Futures | Dubai Crude Oil (Platts) Financial Futures (DC) | ||||
| Product Symbol | CME Globex: AAH CME ClearPort: AH Open Outcry: AH |
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| 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) Trade is Flow per day. | |||
| 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 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. | ||||
| 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 | The option shall expire on the last business day of the contract month. | ||||
| Listed Contracts | CME ClearPort and Open Outcry: | Balance of current Year plus 5 consecutive years. | |||
| CME Globex: | 1 consecutive month | ||||
| Strike Prices | Five strike prices in increments of $0.05 per barrel above and below the at-the-money strike price. Strike price boundaries are adjusted according to futures price movements. | ||||
| Settlement Type | Financial | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 516 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||