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WTI Average Price Option Contract Specs

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: AAO
CME ClearPort: AO
Clearing: AO
Listed Contracts Monthly contracts listed for the current year and the next 8 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 on the last business day of the calendar month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 341
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style European
Settlement At Expiration Trading ends the last business day of the calendar month.
Settlement Method Financially Settled
Underlying WTI Financial Futures