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Dubai Crude Oil (Platts) Average Price Options
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Type
 
Dubai Crude Oil (Platts) Average Price Option
Underlying Futures Dubai Crude Oil (Platts) Calendar Swap Futures (DC)
Product Symbol AH
Venue CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)		 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 Balance of current Year plus 5 consecutive years.
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.