Western Canadian Select (WCS) Crude Oil 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: WCOCME ClearPort: WCOClearing: WCO | ||||
| Listed Contracts | Monthly contracts listed for 24 consecutive months | ||||
| Termination Of Trading | Trading terminates 4 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 prior to the contract month. Enbridge publishes the official NOS dates. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 1212 | ||||
| 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 | Western Canadian Select (WCS) Crude Oil Futures | ||||
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