WTI-Brent Crude Oil Spread 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: ABVCME ClearPort: BVClearing: BV | ||||
| Listed Contracts | Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year. | ||||
| Termination Of Trading | Trading in the February contract month terminates on the 3rd last London and U.S. business day of the month, 2 months prior to the contract month. Trading in all other contract months terminates on the 2nd last London and U.S. business day of the month, 2 months prior to the contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 377 | ||||
| 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 | WTI-Brent Bullet Futures | ||||
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