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Crude Oil Option Semi-Annual Strip Option Contract Specs

Contract Unit 6 consecutive futures beginning with the underlying month of the option contract.
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: 6Y
CME ClearPort: 6Y
Clearing: 6Y
Listed Contracts Semi-annual contracts listed for 5 consecutive years
Termination Of Trading Trading terminates on the last business day of the month prior to the contract month
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1244
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 (Exercise only on Expiration)
Settlement Method Deliverable
Underlying WTI Financial Futures