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WTS (Argus) vs. WTI Calendar Month Average Price Option Contract Specs

Contract Unit 1,000 Barrels
Minimum Price Fluctuation $0.01 per Barrel
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: WSO
CME ClearPort: WSO
Clearing: WSO
Listed Contracts Monthly contracts listed for 30 consecutive months.
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits  NYMEX Position Limits
Exchange Rulebook NYMEX 1232
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 WTS (Argus) vs. WTI Financial Futures