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Crude Oil Financial Calendar Spread Option 3 Month - Contract Specs
| Contract Unit | A Crude Oil 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 Light Sweet Crude Oil Futures in the spread less the settlement price of the first expiring Light Sweet Crude Oil Futures in the spread multiplied by 1,000 barrels, or zero, whichever is greater. A Crude Oil Financial Calendar Spread Call Option traded on the Exchange represents the cash difference between the settlement price of the first expiring Light Sweet Crude Oil Futures in the spread less the settlement price of the second expiring Light Sweet Crude Oil 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 | CME Globex: Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday from 4:00 p.m. - 5:00 p.m. CT |
| Product Code | CME Globex: 7C CME ClearPort: 7C Clearing: 7C |
| Listed Contracts | 3-Month spreads listed for 12 consecutive months |
| Termination of Trading | Trading terminates 1 business day immediately preceding the expiration of the first expiring futures contract in the spread. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes | |
| Strike Prices Strike Price Interval | |
| Exercise Style | European |
| Settlement Method | Financially Settled |
| Underlying | Crude Oil Bullet Futures |
About Crude Oil
Trade NYMEX WTI Crude Oil futures (CL), the world’s most liquid crude oil contract. When traders need the current oil price, they check the WTI Crude Oil price. WTI (West Texas Intermediate, a US light sweet crude oil blend) futures provide direct crude oil exposure and are the most efficient way to trade oil after a sharp rise in US crude oil production.
Use WTI Crude Oil futures to hedge against adverse oil price moves or speculate on whether WTI oil prices will rise or fall. Our diverse WTI futures and options suite provides more flexibility to trade oil with WTI Crude Oil price discovery. View delayed WTI Oil prices and WTI Oil price charts below.
