Asset Class Navigation

LLS (Argus) vs. WTI Crude Oil Average Price Option Contract Specs

Contract Unit 1000 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: WJO
CME ClearPort: WJO
Clearing: WJO
Listed Contracts Monthly contracts listed for the current year and the next 5 calendar years. Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year
Termination Of Trading Trading terminates on the last business day of the contract month
Position Limits  NYMEX Position Limits
Exchange Rulebook NYMEX 1128
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 LLS (Argus) vs. WTI Financial Futures