Asset Class Navigation

NY Harbor ULSD Crack Spread Average Price Option Contract Specs

Options
Contract Unit On the expiration of a call option, the option will be financially settled by subtracting the strike price from the underlying settlement price of the NY Harbor ULSD Crack Spread Futures times 1,000 barrels, or zero, whichever is greater. On the expiration of a put option, the option will be financially settled by subtracting the underlying settlement price of the NY Harbor ULSD Crack Spread Futures from the strike price times 1,000 barrels, or zero, whichever is greater.
Minimum Price Fluctuation $0.01 per barrel
Price Quotation U.S. dollars and cents per barrel.
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (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 a.m. - 2:30 p.m. New York time/ET (8:00 a.m. - 1:30 p.m. Chicago Time/CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (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)
Product Code CME Globex: A3W
CME ClearPort: 3W
Open Outcry: 3W
Clearing: 3W
Listed Contracts CME Globex: 0 consecutive months
CME ClearPort and Open Outcry: Current Year + 3 Years
Termination Of Trading Trading ceases on the last business day of the underlying calendar month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 523A
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval Ten strike prices in increments of $.25 per barrel above and below the at-the-money strike price for a total of at least 21 strike prices.
Exercise Style Average Price – non-early exercisable option
Settlement Method Financially Settled
Underlying NY Harbor ULSD Crack Spread Futures