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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.

Options

Type:

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: AA CME ClearPort: AA Clearing: 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: AB CME ClearPort: AB Clearing: 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: AC CME ClearPort: AC Clearing: 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: AM CME ClearPort: AM Clearing: 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: AZ CME ClearPort: AZ Clearing: 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: BE CME ClearPort: BE Clearing: 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: 9C CME ClearPort: 9C Clearing: 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: 9B CME ClearPort: 9B Clearing: 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: 9D CME ClearPort: 9D Clearing: 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: 9L CME ClearPort: 9L Clearing: 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: 9Y CME ClearPort: 9Y Clearing: 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: BZO CME ClearPort: BZO Clearing: 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: OSX CME ClearPort: OS Clearing: 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,BW5 CME ClearPort: BW1,BW2,BW3,BW4,BW5 Clearing: 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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