WTI HOUSTON VS. WTI CALENDAR MONTH AVERAGE PRICE 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. 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: HPOCME ClearPort: HPOClearing: HPO | ||||
| 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 818 | ||||
| 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. WTI Calendar Month Futures | ||||
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