Asset Class Navigation

Dated Brent (Platts) Average Price Option Contract Specs

Options
Contract Unit A Dated Brent (Platts) Average Price Call Option traded on the Exchange represents the differential between the final settlement price of the underlying Dated Brent (Platts) Financial Futures contract less the strike price, or zero whichever is greater, multiplied by 1,000. A Dated Brent (Platts) Average Price Put Option represents the differential between the strike price and the final settlement price of the underlying Dated Brent (Platts) Financial Futures contract, or zero, whichever is greater, multiplied by 1,000.
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: DBP
CME ClearPort: DBP
Clearing: DBP
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 1078
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 Dated Brent (Platts) Financial Futures