Options on futures
POWER YOUR PORTFOLIO WITH OPTIONS
Across all major asset classes, CME Group offers unrivaled liquidity and versatility for trading options.
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Position for market outcomes with leading options
Major markets, tailored exposure
Trade liquid options across asset classes in multiple contract sizes and expiries (weekly, monthly, quarterly, and more).
A variety of efficiencies
Add the efficiencies of clearing, potential margin offsets, and streamlined operations of trading with one marketplace.
Feature-rich, top-ranked platform
CME Direct is the top ranked* front end by options traders and supports multi-leg strategies, RFQs, crosses, and more.
Little to no slippage at expiration
In-the-money options expire into futures, spot or cash - minimizing slippage and, for futures settled options, enabling a seamless delta transition.
Market Activity
Short-dated options
Tailor exposure to a precise time frame
As markets change on accelerated global news cycles, risk management needs do, too. Short-dated options, particularly those with maturities of less than a week to expiration (i.e., weeklies), continue to see growing interest from traders.
Short-dated options provide greater trading opportunities and risk management needs for participants looking to manage near-term exposures. They offer a flexible alternative to trades executed OTC, and are particularly useful when trading key economic and market events.
Explore the benefits of short-dated options in more detail. Then browse the short-dated options currently available in the asset classes that interest you the most.
CME Group Volatility Indices
Gain unique volatility views from liquid options markets
Derived from the world’s most actively traded options, CME Group Volatility Indices (CVOL) provide a consistent, trackable metric for visualizing how markets are responding to global events – insights you can use to manage related positions.
Choose from daily benchmark and real-time streaming CVOL data. The first cross-asset-class family of implied volatility indices spans 27 futures products and major asset classes (interest rates, FX, energy, agriculture, and metals).
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How to access
Choose from multiple ways to connect
Get market access multiple ways: via CME Direct, with advanced options functionality built-in; via a direct connection to CME Globex; or via several independent software vendors (ISVs).
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Analytical and market data tools
PRICING, ACTIVITY & STRATEGY TOOLS
Options Calculator
Generate fair value prices and Greeks for any of our options.
Strategy Simulator
Run scenarios comparing an option, futures or physical position performance.
Open Interest Profiles
Analyze OI activity trends by product and expiration.
Most Active Strikes
See volume, OI, and OI change activity in the most active strikes.
Volatility tools
Vol Term Structure
Monitor for the onset of price uncertainty.
Vol Surface (Vol2VolTM Expected Range)
See how many standard deviations a strike is from the at-the-money (ATM) futures price.
Cross-Asset Correlation Tool
Chart and analyze historical volatility data.
Event Volatility Calculator
See how markets are pricing in upcoming events in options volatility terms.
Explore our full suite of QuikStrike tools
See how traders are using options
Learn how other market participants use options on futures to manage event risk and reduce portfolio volatility.
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Resources
Get more details to help you trade options at CME Group.
TRADE TYPES
HOW TO
HOW TO
ESSENTIALS
Want to gain a better understanding of options?
Take self-guided courses on Options
Browse our full section of courses, with options for both beginner and expert-level traders.
*Source: CME Group. As measured by options volumes across various platforms.
Contact an Options expert
Connect with a member of our options team to learn more about our products and services.
KNOW THE MARKET
Stay informed with the latest news on options and trends across all asset classes.