Options on futures


Across all major asset classes, CME Group offers unrivaled liquidity and versatility for trading options.

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.

*Source: CME Group. As measured by options volumes and blocks market share across various platforms.

Market Activity

Dive deeper into the world’s most actively traded options on futures markets. Explore short- and longer-term options by asset class and product.

*QuikStrike Implied Volatility estimate from highest Open Interest expiration. Data provided by QuikStrike.

Micro Options

Micro-sized options, more opportunities

Trade a slice of our liquid options with smaller-sized contracts. Scale exposure up or down with more precision and less upfront financial commitment.

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).

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).

Analytical and market data tools

Get the insights needed to make your best trades with interactive online tools. Run scenarios, analyze the markets, identify trends, and test-drive strategies.


Generate fair value prices and Greeks for any of our options.

Run scenarios comparing an option, futures or physical position performance.

Analyze OI activity trends by product and expiration.

See volume, OI, and OI change activity in the most active strikes.

Volatility tools

Monitor for the onset of price uncertainty.

See how many standard deviations a strike is from the at-the-money (ATM) futures price.

Chart and analyze historical volatility data.

See how markets are pricing in upcoming events in options volatility terms.

See how traders are using options

Learn how other market participants use options on futures to manage event risk and reduce portfolio volatility. 


Get more details to help you trade options at CME Group.

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.


Stay informed with the latest news on options and trends across all asset classes.

CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

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