BRENT CRUDE OIL 3 MONTH SPREAD OPTION - CONTRACT SPECS
Effective as of March 19, 2020 and until further notice, NYMEX increased the dynamic circuit breakers of CL, QM, WS, BZ and all Associated Products. See SER 8566 for additional information.
| Contract Unit | 1,000 barrels | ||||
| Minimum Price Fluctuation | 0.01 per barrel = $10.00 | ||||
| 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. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | ||||
| Product Code | CME Globex: AACME ClearPort: AAClearing: AA | ||||
| Listed Contracts | 1-Month spreads listed for the current year and next 5 calendar years. List 1-Month spreads for a new calendar year following the termination of trading in the December spread of the current year. | ||||
| Termination Of Trading | Trading terminates on the last UK business day of the second month prior to the contract month, except for the UK business day prior to New Year’s Day, where trading terminates on the second UK business day prior to New Year’s Day. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 394 | ||||
| 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 | Deliverable | ||||
| Underlying | Brent Crude Oil Futures | ||||
| Contract Unit | 1,000 barrels | ||||
| Minimum Price Fluctuation | 0.01 per barrel = $10.00 | ||||
| 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. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | ||||
| Product Code | CME Globex: ABCME ClearPort: ABClearing: AB | ||||
| Listed Contracts | 2-Month spreads listed for 12 consecutive months | ||||
| Termination Of Trading | Trading terminates on the last UK business day of the second month prior to the contract month, except for the UK business day prior to New Year’s Day, where trading terminates on the second UK business day prior to New Year’s Day. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 394 | ||||
| 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 | Deliverable | ||||
| Underlying | Brent Crude Oil Futures | ||||
| Contract Unit | 1,000 barrels | ||||
| Minimum Price Fluctuation | 0.01 per barrel = $10.00 | ||||
| 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. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | ||||
| Product Code | CME Globex: ACCME ClearPort: ACClearing: AC | ||||
| Listed Contracts | 3-Month spreads listed for 12 consecutive months | ||||
| Termination Of Trading | Trading terminates on the last UK business day of the second month prior to the contract month, except for the UK business day prior to New Year’s Day, where trading terminates on the second UK business day prior to New Year’s Day. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 394 | ||||
| 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 | Deliverable | ||||
| Underlying | Brent Crude Oil Futures | ||||
| Contract Unit | 1,000 barrels | ||||
| Minimum Price Fluctuation | 0.01 per barrel = $10.00 | ||||
| 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. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | ||||
| Product Code | CME Globex: AMCME ClearPort: AMClearing: AM | ||||
| Listed Contracts | 6-Month spreads listed for 13 consecutive months and the next 2 June and 2 December spreads | ||||
| Termination Of Trading | Trading terminates on the last UK business day of the second month prior to the contract month, except for the UK business day prior to New Year’s Day, where trading terminates on the second UK business day prior to New Year’s Day. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 394 | ||||
| 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 | Deliverable | ||||
| Underlying | Brent Crude Oil Futures | ||||
| Contract Unit | 1,000 barrels | ||||
| Minimum Price Fluctuation | 0.01 per barrel = $10.00 | ||||
| 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. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | ||||
| Product Code | CME Globex: AZCME ClearPort: AZClearing: AZ | ||||
| Listed Contracts | 12-Month spreads listed for 13 consecutive months and the next 2 March, 2 June, 2 September and 2 December spreads | ||||
| Termination Of Trading | Trading terminates on the last UK business day of the second month prior to the contract month, except for the UK business day prior to New Year’s Day, where trading terminates on the second UK business day prior to New Year’s Day. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 394 | ||||
| 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 | Deliverable | ||||
| Underlying | Brent Crude Oil Futures | ||||
| Contract Unit | 1,000 barrels | ||||
| Minimum Price Fluctuation | 0.01 per barrel = $10.00 | ||||
| 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. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | ||||
| Product Code | CME Globex: BECME ClearPort: BEClearing: BE | ||||
| Listed Contracts | Monthly contracts listed for the current year and the next 7 calendar years and 3 additional contract months. List monthly contracts for a new calendar year and 3 additional contract months following the termination of trading in the December contract of the current year. | ||||
| Termination Of Trading | Trading terminates the 4th last London business day of the month, 2 months prior to the contract month except for the February contract month which terminates the 5th last London business day of the month, 2 months prior to the contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 378 | ||||
| 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 | Brent Crude Oil Last Day Financial Futures | ||||
| Contract Unit | 1,000 barrels | ||||
| Minimum Price Fluctuation | 0.01 per barrel - $10.00 | ||||
| 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. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | ||||
| Product Code | CME Globex: 9CCME ClearPort: 9CClearing: 9C | ||||
| Listed Contracts | 1-Month spreads listed for the current year and next 5 calendar years. List 1-Month spreads for a new calendar year following the termionation of trading in the December spread of the current year. | ||||
| Termination Of Trading | Trading terminates on the 2nd last London business day of the 2nd month prior to the first leg of the spread. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 398 | ||||
| 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 | Brent Last Day Financial Futures | ||||
| Contract Unit | A Brent Crude Oil Last Day Financial Calendar Spread Put Option traded on the Exchange represents the cash difference between the strike price and the settlement price of the second expiring Brent Crude Oil Last Day Financial Futures in the spread less the settlement price of the first expiring Brent Crude Oil Last Day Financial Futures in the spread multiplied by 1,000 barrels, or zero, whichever is greater. A Brent Crude Oil Last Day Financial Calendar Spread Call Option traded on the Exchange represents the cash difference between the settlement price of the first expiring Brent Crude Oil Last Day Financial Futures in the spread less the settlement price of the second expiring Brent Crude Oil Last Day Financial Futures in the spread and the strike price multiplied by 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 | 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: 9BCME ClearPort: 9BClearing: 9B | ||||
| Listed Contracts | 2-Month spreads listed for 12 consecutive months | ||||
| Termination Of Trading | A Brent Crude Oil Last Day Financial Calendar Spread Option on the Exchange shall expire at the close of trading one business day immediately preceding the expiration of the first expiring futures contract in the spread. Please note that the last trading day for contract months March 2016 and onwards were amended on 9 December 2013 - see SER 6887 for details. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 398 | ||||
| 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 | Brent Last Day Financial Futures | ||||
| Contract Unit | 1,000 barrels | ||||
| Minimum Price Fluctuation | 0.01 per barrel = $10.00 | ||||
| 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. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | ||||
| Product Code | CME Globex: 9DCME ClearPort: 9DClearing: 9D | ||||
| Listed Contracts | 3-Month spreads listed for 12 consecutive months | ||||
| Termination Of Trading | Trading terminates on the last business day of the month prior to the termination of trading in the first leg of the underlying spread. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 398 | ||||
| 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 | Brent Last Day Financial Futures | ||||
| Contract Unit | 1,000 barrels | ||||
| Minimum Price Fluctuation | 0.01 per barrel = $10.00 | ||||
| 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. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | ||||
| Product Code | CME Globex: 9LCME ClearPort: 9LClearing: 9L | ||||
| Listed Contracts | 6-Month spreads listed for 13 consecutive months and the next two June and two December spreads | ||||
| Termination Of Trading | Trading terminates on the business day prior to the termination of trading in the first leg of the underlying spread. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 398 | ||||
| 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 | Brent Last Day Financial Futures | ||||
| Contract Unit | A Brent Crude Oil Last Day Financial Calendar Spread Put Option traded on the Exchange represents the cash difference between the strike price and the settlement price of the second expiring Brent Crude Oil Last Day Financial Futures in the spread less the settlement price of the first expiring Brent Crude Oil Last Day Financial Futures in the spread multiplied by 1,000 barrels, or zero, whichever is greater. A Brent Crude Oil Last Day Financial Calendar Spread Call Option traded on the Exchange represents the cash difference between the settlement price of the first expiring Brent Crude Oil Last Day Financial Futures in the spread less the settlement price of the second expiring Brent Crude Oil Last Day Financial Futures in the spread and the strike price multiplied by 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 | 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: 9YCME ClearPort: 9YClearing: 9Y | ||||
| Listed Contracts | 12-Month spreads listed for 13 consecutive months and the next 2 March, 2 June, 2 September and 2 December spreads | ||||
| Termination Of Trading | A Brent Crude Oil Last Day Financial Calendar Spread Option on the Exchange shall expire at the close of trading one business day immediately preceding the expiration of the first expiring futures contract in the spread. Please note that the last trading day for contract months March 2016 and onwards were amended on 9 December 2013 - see SER 6887 for details. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 398 | ||||
| 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 | Brent Last Day Financial Futures | ||||
| Contract Unit | 1000 barrels | ||||
| Minimum Price Fluctuation | 0.01 per barrel = $10.00 | ||||
| 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. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | ||||
| Product Code | CME Globex: BZOCME ClearPort: BZOClearing: BZO | ||||
| Listed Contracts | Monthly contracts listed for the current year and the next 7 calendar years and 3 additional contract months. List monthly contracts for a new calendar year and 3 additional contract months following the termination of trading in the December contract of the current year. | ||||
| Termination Of Trading | Trading terminates on the 4th last London business day of the month, 2 months prior to the contract month (3 business day prior to the expiration of the underlying futures corresponding contract month). The February contract month terminates on the 5th last London business day of the month, 2 months prior to the contract month (3 business day prior to the expiration of the underlying futures corresponding contract month). |
||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 504 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
| Strike Price Listing Procedures | Strike Price Listing and Exercise Procedures Table | ||||
| Exercise Style | American | ||||
| Settlement Method | Deliverable | ||||
| Underlying | Brent Crude Oil Last Day Financial Futures | ||||
| Contract Unit | 1,000 barrels | ||||
| Minimum Price Fluctuation | 0.01 per barrel = $10.00 | ||||
| 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. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | ||||
| Product Code | CME Globex: OSXCME ClearPort: OSClearing: OS | ||||
| Listed Contracts | Monthly contracts are listed for the current year and the next 7 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year. | ||||
| Termination Of Trading | Trading terminates the 4th last London business day of the month, 2 months prior to the contract month except for the February contract month which terminates the 5th last London business day of the month, 2 months prior to the contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 376 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
| Strike Price Listing Procedures | Strike Price Listing and Exercise Procedures Table | ||||
| Exercise Style | American | ||||
| Settlement Method | Deliverable | ||||
| Underlying | Brent Crude Oil Last Day Financial Futures | ||||
| 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 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: BW1,BW2,BW3,BW4,BW5CME ClearPort: BW1,BW2,BW3,BW4,BW5Clearing: BW1,BW2,BW3,BW4,BW5 | ||||
| Listed Contracts | Four weekly expirations (Friday) | ||||
| Termination Of Trading | Trading terminates 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 Brent Last Day Financial monthly option, the weekly option shall not be listed for trading | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 1007 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
| Strike Price Listing Procedures | Strike Price Listing and Exercise Procedures Table | ||||
| Exercise Style | American - no contrary instructions | ||||
| Settlement Method | Deliverable | ||||
| Underlying | Brent Crude Oil Last Day Financial Futures | ||||
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