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Light Sweet Oil (Net Energy) Monthly Index Average Price Option Contract Specs

Options
Contract Unit 1,000 barrels.
Minimum Price Fluctuation $0.001 per barrel
Price Quotation U.S. dollars and cents per barrel
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Product Code CME Globex: SWO
CME ClearPort: SWO
Clearing: SWO
Listed Contracts Monthly contracts listed for the current year and the next 4 calendar years. Add 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 one Canadian business day prior to the Notice of Shipments (NOS) date on the Enbridge Pipeline. The NOS date occurs on or about the 20th calendar day of the month, subject to confirmation by Enbridge Pipeline. The official schedule for the NOS dates will be made publicly available by Enbridge.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1307
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 Light Sweet Oil (Net Energy) Monthly Index Futures