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WTI Houston vs. Brent Crude Oil Spread Option Contract Specs

Contract Unit U.S. dollars and cents per barrel
Minimum Price Fluctuation 0.01 per barrel = $10.00
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: HCB
CME ClearPort: HCB
Clearing: HCB
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 on the business day prior to the termination of trading in the second leg of the underlying spread.
Exchange Rulebook NYMEX 819
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 Deliverable
Underlying WTI Houston Futures and Brent Last Day Financial Futures