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WTI Midland (Argus) vs. WTI Calendar Month Average Price Options Contract Specs

Options
Contract Unit 1,000 Barrels
Minimum Price Fluctuation $0.01 per Barrel
Price Quotation U. S. Dollars and Cents per Barrel
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Product Code CME Globex: FFO
CME ClearPort: FFO
Clearing: FFO
Listed Contracts Monthly contracts listed for the current year and the next 5 calendar years. Monthly contracts for a new calendar year will be added following the terminatrion of trading in the December contract of the current year.
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits  NYMEX Position Limits
Exchange Rulebook NYMEX 1230
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style European
Settlement Method Financially Settled
Underlying WTI Midland (Argus) vs. WTI Financial Futures