1 Month Calendar Spread Option2 Month Calendar Spread Option3 Month Calendar Spread Option6 Month Calendar Spread Option12 Month Calendar Spread OptionEuropean OptionsFinancial 1 Month Spread OptionsFinancial 2 Month Spread OptionsFinancial 3 Month Spread OptionsFinancial 6 Month Spread OptionsFinancial 12 Month Spread OptionsFutures-Style MarginPhysical OptionsWeekly Friday Option
Brent Last Day Financial
Futures and Options
Brent Crude Oil Last Day Financial Calendar Spread (2 Month) Option - Contract Specs
| Contract Unit | A Brent Crude Oil Last Day Financial Calendar Spread Put Option traded on the Exchange represents the cash difference between the strike price and the settlement price of the second expiring Brent Crude Oil Last Day Financial Futures in the spread less the settlement price of the first expiring Brent Crude Oil Last Day Financial Futures in the spread multiplied by 1,000 barrels, or zero, whichever is greater. A Brent Crude Oil Last Day Financial Calendar Spread Call Option traded on the Exchange represents the cash difference between the settlement price of the first expiring Brent Crude Oil Last Day Financial Futures in the spread less the settlement price of the second expiring Brent Crude Oil Last Day Financial Futures in the spread and the strike price multiplied by 1,000 barrels, or zero, whichever is greater. |
|---|---|
| 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: 9B CME ClearPort: 9B Clearing: 9B |
| Listed Contracts | 2-Month spreads listed for 12 consecutive months |
| Termination of Trading | A Brent Crude Oil Last Day Financial Calendar Spread Option on the Exchange shall expire at the close of trading one business day immediately preceding the expiration of the first expiring futures contract in the spread. Please note that the last trading day for contract months March 2016 and onwards were amended on 9 December 2013 - see SER 6887 for details. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes | |
| Strike Prices Strike Price Interval | |
| Exercise Style | European |
| Settlement Method | Financially Settled |
| Underlying | Brent Last Day Financial Futures |
