Crude Oil Quarterly Strip Option - Contract Specs
| Contract Unit | 1,000 barrels Clears in multiples of the number of contract months in the strip |
|---|---|
| Minimum Price Fluctuation | 0.01 per barrel x 3-month strip = $30.00 |
| Price Quotation | U.S. dollars and cents per barrel |
| Trading Hours | CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday 4:00 p.m. - 5:00 p.m. CT |
| Product Code | CME Globex: A6E CME ClearPort: 6E Clearing: 6E |
| Listed Contracts | Quarterly contracts (Jan, Apr, Jul, Oct) listed for 4 consecutive quarters |
| Termination of Trading | Trading terminates on the last business day of the month prior to the first leg of the underlying strip. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes | |
| Strike Prices Strike Price Interval | |
| Exercise Style | European |
| Exercise Procedure | Exercises into a quarterly strip of CS futures |
| Settlement Method | Deliverable |
| Underlying | WTI Financial Futures |
