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WTI Crude Oil 1 Month Calendar Spread Options Contract Specs

Options
Contract Unit A WTI Calendar Spread Put Option on the Exchange represents an option to assume a short position in the first Expiring Light Sweet Crude Oil Futures in the spread and a long position in the second expiring Light Sweet Crude Oil Futures in the spread on the Exchange. A WTI Calendar Spread Call Option represents an option to assume a long position in the first expiring Light Sweet Crude Oil Futures in the spread and a short position in the second expiring Light Sweet Crude Oil Futures in the spread traded on the Exchange.
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: WAY
CME ClearPort: WA
Clearing: WA
Listed Contracts Monthly contracts listed for 60 consecutive months.
Termination Of Trading Trading terminates at the close of trading 1 business day immediately preceding the expiration of the first expiring Light Sweet Crude Oil Futures (CL) contract in the spread.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 390
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures  Strike Price Listing Procedures Table
Exercise Style European
Settlement Method Deliverable
Underlying 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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