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NY Harbor ULSD Crack Spread Option Contract Specs

    Effective as of March 13, 2020 and until further notice, NYMEX increased the dynamic circuit breakers of PA, RB, HO and all Associated Products. See SER 8561 for additional information.

Options
Contract Unit A NY Harbor ULSD Crack Spread Put Option on the Exchange represents an option to assume a short position in the underlying NY Harbor ULSD Futures and a long position in the underlying Light Sweet Crude Oil Futures on the Exchange. A NY Harbor ULSD Crack Spread Call Option represents an option to assume a long position in the underlying NY Harbor ULSD Futures and a short position in the underlying Light Sweet Crude Oil Futures on the Exchange.
Minimum Price Fluctuation $0.01 per barrel
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: CHY
CME ClearPort: CH
Clearing: CH
Listed Contracts Monthly contracts listed for the current year and the next 3 calendar years and 1 additional month. Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.
Termination Of Trading Trading terminates on the last business day immediately preceding the expiration of the underlying Light Sweet Crude Oil Futures.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 350
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing Procedures Table
Exercise Style American
Settlement Method Deliverable
Underlying NY Harbor ULSD Futures and Crude Oil Futures