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The New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc. (NYSE: NMX), today announced that it will launch four new Brent crude oil options contracts on NYMEX ClearPort and the NYMEX trading floor, beginning on March 2 for trade date March 3.
The new contracts and their commodity codes are: American style Brent crude oil options (OS), European style Brent crude oil look-alike options (BE), WTI-Brent crude oil spread options (BV), and Brent crude oil average price options (BA).
The first listed month will be April 2008. The minimum price fluctuation will be $0.01 per barrel. Fees will be waived for three months.
Strike price intervals for the WTI-Brent crude oil spread options contract will be 10 strike prices in increments of $0.10 per barrel above and below the at-the-money strike price. Strike price intervals for the other contracts will be 10 strike prices in increments of $0.50 per barrel above and below the at-the-month strike price.
