Crude Oil 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: LOCME ClearPort: LOClearing: LO | ||||
| Listed Contracts | Monthly contracts listed for the current year and the next 10 calendar years and 2 additional contract months. List monthly contracts for a new calendar year and 2 additional contract months following the termination of trading in the December contract of the current year. | ||||
| Termination Of Trading | Trading terminates 7 business days before the 26th calendar of the month prior to the contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 310 | ||||
| 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 | Light Sweet 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: WAYCME ClearPort: WAClearing: WA | ||||
| 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 business day prior to termination of trading in the first leg of the underlying spread. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 390 | ||||
| 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 | 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: LM1CME ClearPort: LM1Clearing: LM1 | ||||
| Listed Contracts | Monthly contracts listed for the 2 nearest June and 2 nearest December contract months. The underlying for each contract month is 12 months into the future. | ||||
| Termination Of Trading | Trading terminates on the 7th business day before the 26th calendar day of the month prior to the contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 468 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
| Strike Price Listing Procedures | Strike Price Listing Procedures Table | ||||
| Exercise Style | American | ||||
| Settlement Method | Deliverable | ||||
| Underlying | Light Sweet Crude Oil Futures | ||||
| Contract Unit | 1,000 | ||||
| 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: WBCME ClearPort: WBClearing: WB | ||||
| Listed Contracts | 2-Month spreads listed for 12 consecutive months | ||||
| 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 390 | ||||
| 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 | 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: LM2CME ClearPort: LM2Clearing: LM2 | ||||
| Listed Contracts | Monthly contracts listed for the 2 nearest June and 2 nearest December contract months. The underlying for each contract month is 24 months into the future. | ||||
| Termination Of Trading | Trading terminates on the 7th business day before the 26th calendar day of the month prior to the contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 468 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
| Strike Price Listing Procedures | Strike Price Listing Procedures Table | ||||
| Exercise Style | American | ||||
| Settlement Method | Deliverable | ||||
| Underlying | Light Sweet 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: WCCME ClearPort: WCClearing: WC | ||||
| Listed Contracts | 3-Month spreads listed for 12 consecutive months | ||||
| Termination Of Trading | Trading terminates on the business day prior to termination of trading in the first leg of the underlying spread. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 390 | ||||
| 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 | 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: LM3CME ClearPort: LM3Clearing: LM3 | ||||
| Listed Contracts | Monthly contracts listed for the 2 nearest June and 2 nearest December contract months. The underlying for each contract month is 36 months into the future. | ||||
| Termination Of Trading | Trading terminates on the 7th business day before the 26th calendar day of the month prior to the contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 468 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
| Strike Price Listing Procedures | Strike Price Listing Procedures Table | ||||
| Exercise Style | American | ||||
| Settlement Method | Deliverable | ||||
| Underlying | Light Sweet 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: LM4CME ClearPort: LM4Clearing: LM4 | ||||
| Listed Contracts | Monthly contracts listed for the 2 nearest June and 2 nearest December contract months. The underlying for each contract month is 48 months into the future. | ||||
| Termination Of Trading | Trading terminates on the 7th business day before the 26th calendar day of the month prior to the contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 468 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
| Strike Price Listing Procedures | Strike Price Listing Procedures Table | ||||
| Exercise Style | American | ||||
| Settlement Method | Deliverable | ||||
| Underlying | Light Sweet 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: LM5CME ClearPort: LM5Clearing: LM5 | ||||
| Listed Contracts | Monthly contracts listed for the 2 nearest June and 2 nearest December contract months. The underlying for each contract month is 60 months into the future. | ||||
| Termination Of Trading | Trading terminates on the 7th business day before the 26th calendar day of the month prior to the contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 468 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
| Strike Price Listing Procedures | Strike Price Listing Procedures Table | ||||
| Exercise Style | American | ||||
| Settlement Method | Deliverable | ||||
| Underlying | Light Sweet 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: AWMCME ClearPort: WMClearing: WM | ||||
| 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 business day prior to termination of trading in the first leg of the underlying spread. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 390 | ||||
| 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 | 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: AWZCME ClearPort: WZClearing: WZ | ||||
| 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 business day prior to termination of trading in the first leg of the underlying spread. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 390 | ||||
| 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 | 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: DNMCME ClearPort: DNMClearing: DNM | ||||
| Listed Contracts | Daily contracts listed for 1 day | ||||
| Termination Of Trading | Trading terminates at the close of business on the contract day. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 915 | ||||
| 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 | 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: DTMCME ClearPort: DTMClearing: DTM | ||||
| Listed Contracts | Daily contracts listed for 1 day | ||||
| Termination Of Trading | The contract terminates at the close of business on the contract day. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 915 | ||||
| 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 | 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. 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: ICDCME ClearPort: CDClearing: CD | ||||
| Listed Contracts | Daily contract listed for 1 day. | ||||
| Termination Of Trading | Trading terminates at the close of the business day that it was initially listed on.. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 833 | ||||
| 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 | Light Sweet Crude Oil Futures | ||||
| Contract Unit | On expiration of a call option, the value will be the difference between the settlement price of the underlying Light Sweet Crude Oil Futures and the strike price multiplied by 1,000 barrels, or zero, whichever is greater. On expiration of a put option, the value will be the difference between the strike price and the settlement price of the underlying Light Sweet Crude Oil Futures 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: LCECME ClearPort: LCClearing: LC | ||||
| Listed Contracts | Monthly contracts listed for the current year and the next 8 calendar years and 2 additional consecutive contract months. Monthly contracts for a new calendar year and 2 additional consecutive contract months will be added following the termination of trading in the December contract of the current year. | ||||
| Termination Of Trading | Trading terminates 3 business days before the termination of trading in the underlying futures contract. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 550 | ||||
| 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 | Light Sweet 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: B7ACME ClearPort: 7AClearing: 7A | ||||
| 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 business day prior to the termination of trading in the first leg of the underlying spread. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 397 | ||||
| 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 | Crude Oil 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: 7BCME ClearPort: 7BClearing: 7B | ||||
| Listed Contracts | 2-month spreads listed for 12 consecutive months | ||||
| 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 397 | ||||
| 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 | Crude Oil Financial Futures | ||||
| Contract Unit | A Crude Oil 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 Light Sweet Crude Oil Futures in the spread less the settlement price of the first expiring Light Sweet Crude Oil Futures in the spread multiplied by 1,000 barrels, or zero, whichever is greater. A Crude Oil Financial Calendar Spread Call Option traded on the Exchange represents the cash difference between the settlement price of the first expiring Light Sweet Crude Oil Futures in the spread less the settlement price of the second expiring Light Sweet Crude Oil 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: 7CCME ClearPort: 7CClearing: 7C | ||||
| Listed Contracts | 3-Month spreads listed for 12 consecutive months | ||||
| Termination Of Trading | Trading terminates 1 business day immediately preceding the expiration of the first expiring futures contract in the spread. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 397 | ||||
| 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 | Crude Oil Financial Futures | ||||
| Contract Unit | 1,000 barrels | ||||
| Minimum Price Fluctuation | 0.01 per barrel = $1,000 | ||||
| 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: 7MCME ClearPort: 7MClearing: 7M | ||||
| 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 business day prior to the termination of trading in the first leg of the underlying spread. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 397 | ||||
| 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 | Crude Oil 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: 7ZCME ClearPort: 7ZClearing: 7Z | ||||
| 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 business day prior to the termination of trading in the first leg of the underlying spread. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 397 | ||||
| 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 | Crude Oil 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: C01CME ClearPort: C01Clearing: C01 | ||||
| Listed Contracts | Daily contracts listed for 5 consecutive business days within a seven calendar-day period. No short-term option listed on the expiration day of the monthly Crude Oil Option. | ||||
| Termination Of Trading | Trading terminates on the contract day which coincides with the ticker symbol. For example, C25 N20 coincides with a Short-Term Crude Oil Option expiration of July 25, 2020. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 1065 | ||||
| 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 At Expiration | For short-term option expiring on the last trading day of the first underlying Light Sweet Crude Oil Futures contract month, the second underlying futures contract month is used for settlement. | ||||
| Settlement Method | Financially Settled | ||||
| Underlying | Light Sweet 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: LO1,LO2,LO3,LO4,LO5CME ClearPort: LO1,LO2,LO3,LO4,LO5Clearing: LO1,LO2,LO3,LO4,LO5 | ||||
| Listed Contracts | Weekly contracts listed for 4 consecutive weeks. No weekly contract listed the week of the monthly expiration. |
||||
| Termination Of Trading | Trading terminates on Friday of the contract week. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 1011 | ||||
| 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 | Light Sweet Crude Oil Futures | ||||
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