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WTI Houston vs. Dated Brent (Platts) Average Price Option Contract Specs

Options
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. 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: HCD
CME ClearPort: HCD
Clearing: HCD
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 last business day of the contract month.
Exchange Rulebook NYMEX 822
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Dynamic strikes only at $0.25 per barrel strike increment.
Exercise Style European
Settlement Method Financially Settled
Underlying WTI Houston vs. Dated Brent (Platts) Calendar Month Futures