Crude Oil Option Semi-Annual 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 6-month strip = $60.00 |
| 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: 6Y CME ClearPort: 6Y Clearing: 6Y |
| Listed Contracts | Semi-annual contracts (Jan, Jul) listed for 5 consecutive years |
| Termination of Trading | Trading terminates on the last business day of the month prior to the contract month |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes | |
| Strike Prices Strike Price Interval | |
| Exercise Style | European |
| Exercise Procedure | Exercises into a semi-annual strip of CS futures |
| Settlement Method | Deliverable |
| Underlying | WTI Financial Futures |
