Short-Term Crude Oil (WTI) Options

Short-Term Crude Oil (WTI) Options

Flexibility. Expanded trading opportunities. And a means of quick action in the face of world events and weather anomalies. You get all this — and more — with new Short-Term Options on WTI futures.

Contracts are available on each of five business days ahead, allowing risk mitigation for factors such as economic announcements, short-term market volatility, storage numbers and inter and intra product hedging.

Short-term options on crude oil provide:

  • A low cost, short-term option solution that can target specific nearby points
  • Daily expiration for up to five business days forward following the first cycle week
  • Alignment with standard strike prices and the standard front month futures contract
  • Financial settlement
View Contract Specs

Key Facts

  • Available for trading on CME Globex and the NY trading floor
  • Clearing through CME ClearPort
  • European-style expiration
  • As each Short-Term Options contract expires, a new contract will be listed with a five-business-day expiration schedule. There are no short-term expirations on the day a monthly options contract expires or on holidays.


WTI Market Outlook Video



Market Outlook: Light Sweet Crude Oil (March 2011)
Bob Levin

New York
Russ Karas
+1 212 299 2345



Futures & Options Trading

As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through the CME Globex electronic trading platform and trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.

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