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Crude Oil Weekly Options Contract Specs

Options
Contract Unit 1,000 barrels
Minimum Price Fluctuation $0.01 per barrel
Price Quotation 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: LO1,LO2,LO3,LO4,LO5
CME ClearPort: LO1,LO2,LO3,LO4,LO5
Clearing: LO1,LO2,LO3,LO4,LO5
Listed Contracts 4 weekly expirations (Friday)
Termination Of Trading Options expire on Friday. If the Friday of the listing is a scheduled Exchange holiday, the option shall terminate on the first Business Day immediately preceding the Friday. However, if the first Business Day immediately preceding the Friday is the expiration of a Crude Oil monthly option, the weekly option shall not be listed for trading.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1011
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures  Strike Price Listing Procedures Table
Exercise Style American – no contrary instructions
Settlement Method Deliverable
Underlying Light Sweet Crude Oil Futures

Welcome to WTI Crude Oil Futures

Whether you are a new trader looking to get started in futures, or an experienced trader looking for a better way to hedge crude oil, NYMEX WTI Light Sweet Crude Oil futures are the most efficient way to trade today’s global oil markets.

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