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Brent Crude Oil Calendar Strip Options Contract Specs

Contract Unit 12 consecutive underlying futures, (January through December).
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: BPC
CME ClearPort: BPC
Clearing: BPC
Listed Contracts Annual contracts listed for 3 consecutive years
Termination Of Trading Trading terminates 1 business day prior to the first contract of the underlying future.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 826
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 (Exercise only on Expiration)
Settlement Method Deliverable
Underlying Brent Financial Futures