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WTI Houston Crude Oil Option Contract Specs

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Minimum Price Fluctuation 0.01 per barrel = $10.00
Price Quotation U.S. dollars and cents per barrel
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Product Code CME Globex: HCO
CME ClearPort: HCO
Clearing: HCO
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 terminates 6 business days prior to the twenty-fifth calendar day of the month prior to the contract month.  If the twenty-fifth calendar day is not a business day, trading terminates 6 business days prior to the business day preceding the twenty-fifth calendar day of the month prior to the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 202
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Dynamic strikes only at $0.50 per barrel strike increment.
Exercise Style American
Settlement Method Deliverable
Underlying WTI Houston Crude Oil Futures