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Brent Crude Oil Calendar Spread Quarterly Strip Options Contract Specs

Options
Contract Unit 1,000 barrels x 3 months = 3,000 barrels
Minimum Price Fluctuation 0.01 per barrel = $30.00
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: BQP
CME ClearPort: BQP
Clearing: BQP
Listed Contracts Quarterly contracts listed fos 4 consecutive quarters
Termination Of Trading Trading terminates 1 business day prior to the first contract month of the underlying strip.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 827
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 Financial Futures