Weekly Energy Options: Turn Ideas into Action
Volatility in crude oil and natural gas markets can be significantly impacted by market-moving events such as OPEC announcements, EIA inventory data, and geopolitical events.
Key features of Energy Weekly options
More options, more expirations, and more precise risk management make it simple to design and implement robust trading strategies using Crude Oil and Natural Gas Weekly options contracts. With Crude Oil expirations every Monday, Wednesday, and Friday, and Natural Gas expiring every Friday, weekly options exercise into the active futures contract, offer more granular strike prices in quarter increments, and automatically exercise with no contrary instructions.
| WEEKLY OPTION | MONTHLY OPTION | UNDERLYING FUTURE | ||
|---|---|---|---|---|
| CME GLOBEX | BLOOMBERG | |||
| WTI Crude Oil Monday | ML1-ML5 | IMLA Comdty | LO | CL |
| WTI Crude Oil Wednesday | WL1-WL5 | IWLA Comdty | ||
| WTI Crude Oil Friday | LO1-LO5 | CLWA Comdty | ||
| Micro WTI Crude Oil | MW1-MW5 | WWIA Comdty | MCO | MCL |
| Brent Crude Oil | BW1-BW5 | BZCA Comdty | BZO | BZ |
| Natural Gas (Physical) | ON1-ON5 | ONWA Comdty | ON | NG |
| Natural Gas (Financial) | LN1-LN5 | GKWA Comdty | LN | NG |
Explore analytics tools to generate trade ideas
CME Group provides free pricing and analytical tools developed by QuikStrike that traders can use to generate trade ideas. Follow these tools in sequence to get the full picture of how you can use Energy Weekly options in your day-to-day trading.
Strategy Simulator
Test out how your Crude Oil Weekly options strategy will perform based on hypothetical underlying price scenarios with the Strategy Simulator.
Economic Events Analyzer
Find economic events that could impact oil markets and select the nearest Energy Weekly option to express your views.
(Daily) Weekly Options Report
Analyze shifts in Crude Oil and Natural Gas Weekly options open interest to see where traders are expressing their opinions.
Platform
CME Direct
Gain access to the CME Group futures, options, and block markets on one screen ‒ using this fast, secure, and highly configurable trading front-end.
Resources
See how traders are using Crude Oil Weekly options
Learn how other market participants use NYMEX Crude Oil Weekly options to manage event risk and reduce portfolio volatility.
Contact an Energy Expert
Connect with a member of our expert Energy team for more information about our products.
