SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 23-302

Organization: New York Mercantile Exchange, Inc. ("NYMEX")

Filing as a: DCM SEF DCO SDR 

Please note - only ONE choice allowed.

Filing Date (mm/dd/yy): 07/13/23 Filing Description: Administrative Amendments to the 

Crude Oil Weekly Option Contract

SPECIFY FILING TYPE 

Please note only ONE choice allowed per Submission.

Organization Rules and Rule Amendments

Certification § 40.6(a)

Approval § 40.5(a)

Notification § 40.6(d)

Advance Notice of SIDCO Rule Change § 40.10(a)

SIDCO Emergency Rule Change § 40.10(h)

Rule Numbers: 

New Product Please note only ONE product per Submission.

Certification § 40.2(a) 

Certification Security Futures § 41.23(a)

Certification Swap Class § 40.2(d)

Approval § 40.3(a)

Approval Security Futures § 41.23(b)

Novel Derivative Product Notification § 40.12(a)

Swap Submission § 39.5

Product Terms and Conditions (product related Rules and Rule Amendments)

Certification § 40.6(a) 

Certification Made Available to Trade Determination § 40.6(a)

Certification Security Futures § 41.24(a)

Delisting (No Open Interest) § 40.6(a) 

Approval § 40.5(a)

Approval Made Available to Trade Determination § 40.5(a)

Approval Security Futures § 41.24(c)

Approval Amendments to enumerated agricultural products § 40.4(a), § 40.5(a)

“Non-Material Agricultural Rule Change” § 40.4(b)(5)

Notification § 40.6(d)

Official Name(s) of Product(s) Affected: See filing.

Rule Numbers: See filing.
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

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Christopher Bowen 

Managing Director and Chief Regulatory Counsel

Legal Department

July 13, 2023

VIA ELECTRONIC PORTAL

Mr. Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, N.W.

Washington, DC 20581

Re: CFTC Regulation 40.6(a) Certification. Administrative Amendments to the Crude Oil 

Weekly Option Contract.

NYMEX Submission No. 23-302

Dear Mr. Kirkpatrick:

New York Mercantile Exchange, Inc. (“NYMEX” or “Exchange”) is certifying to the Commodity Futures 

Trading Commission (“CFTC” or “Commission”) administrative amendments to the Crude Oil Weekly Option

contract (he “Contract”), effective Sunday, July 30, 2023 for trade date Monday, July 31, 2023.

Specifically, the Exchange will amend (1) the contract title of the existing Crude Oil Weekly Option contracts

to specify the currently listed Friday expiry as detailed in Table 1. below; and (2) Rule 1011101.E. 

(“Termination of Trading”) to remove repetitive language regarding the expiration of the Contract on Exchange 

holidays for each individual weekly contract listed (collectively, the “Rule Amendments”). The Rule 

Amendments are administrative in nature and will not alter the termination of trading practice of the Contract.

Table 1.

Current Contract Title Proposed Contract Title Rulebook 

Chapter Commodity Code

Crude Oil Weekly 

Option Crude Oil Friday Weekly Option 1011 LO1, LO2, LO3, LO4, LO5

The Exchange is concurrently certifying with the Commission the initial listing of Crude Oil Monday Weekly 

Option and Crude Oil Wednesday Weekly Option contracts effective on July 31, 2023 via NYMEX Submission 

No. 23-207 also dated July 13, 2023. For convenience, amendments to Chapter 1011 in Exhibit A below will 

also reflect the addition of the new Monday and Wednesday contracts. 

The Exchange reviewed the designated contracts market core principles (“Core Principles”) as set forth in 

the Commodity Exchange Act (“CEA” or “Act”) and identified that the Rule Amendments may have some 

bearing on the following Core Principles:

• Availability of General Information: The Exchange will publish information on the change via a 

Special Executive Report (“SER”) to notify the marketplace of the Rule Amendments. The SER 

will also be posted on the CME Group website.

Pursuant to Section 5c(c) of the Act and CFTC Regulations 40.6(a), the Exchange certifies that the Rule 

Amendments comply with the Act, including regulations under the Act. There were no substantive opposing 

views to the proposal.
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

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The Exchange certifies that this submission has been concurrently posted on the CME Group website at

http://www.cmegroup.com/market-regulation/rule-filings.html.

Should you have any questions concerning the above, please contact the undersigned at (212) 299-2200 

or via e-mail at CMEGSubmissionInquiry@cmegroup.com.

Sincerely,

/s/ Christopher Bowen

Managing Director and Chief Regulatory Counsel

Attachment: Exhibit A: NYMEX Rulebook Chapter 1011 (blackline format)
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Exhibit A

NYMEX Rulebook

(additions underscored; deletions struck through)

Chapter 1011

Crude Oil Weekly Option 

1011100. SCOPE OF CHAPTER

This chapter is limited in application to weekly put and call options on the Light Sweet Crude Oil 

Futures contract. In addition to the rules of this chapter, transactions in the Crude Oil Monday 

Weekly Option, the Crude Oil Wednesday Weekly Option, and the Crude Oil Friday Weekly 

Option contracts shall be subject to the general rules of the Exchange insofar as applicable.

1011101. OPTION CHARACTERISTICS

***

1011101.A. Trading Schedule 

The hours of trading for this contract these contracts shall be determined by the 

Exchange.

***

1011101.E. Termination of Trading

Crude Oil Monday Weekly Option

Options will expire at the close of trading on a Monday schedule. If such Monday is an 

Exchange holiday, the weekly option shall terminate on the first Business Day immediately 

following the Monday.

Crude Oil Wednesday Weekly Option

Options will expire at the close of trading on a Wednesday schedule. If such Wednesday is 

an Exchange holiday, the weekly option shall terminate on the first Business Day immediately 

following the Wednesday.

Crude Oil Friday Weekly Option

Options will expire at the close of trading on a Friday schedule. For the first (1st) weekly option of the 

month, if the first If such Friday of the listing is an scheduled Exchange holiday, the Crude Oil Weekly 

Option shall terminate on the first Business Day immediately preceding the Friday.

For the second (2nd) weekly option of the month, if the second Friday of the listing is a scheduled 

Exchange holiday, the Crude Oil Weekly Option shall terminate on the first Business Day immediately 

preceding the Friday.

For the third (3rd) weekly option of the listing, if the third Friday of the listing is a scheduled Exchange

holiday, the Crude Oil Weekly Option shall terminate on the first Business Day immediately preceding 

the Friday.

For the fourth (4th) weekly option of the listing, if the fourth Friday of the listing is a scheduled 

Exchange.

holiday, the Crude Oil Weekly Option shall terminate on the first Business Day immediately preceding 

the Friday.

[Remainder of chapter is unchanged.]