In this report
- WTI Crude Oil Weekly options hit highs with new Monday and Wednesday expirations
- Small, but mighty: Micro Henry Hub futures and options launch Nov. 6*
- WTI is the major crude oil grade setting the global marginal price
- Henry Hub: the market leader for Natural Gas options
- Energy options traders prefer CME Direct
- Options on Weather futures expanded to cover 18 cities globally
Subscribe to get the latest updates
WTI Crude Oil Weekly options hit highs with new Monday and Wednesday expirations
Monday and Wednesday WTI Crude Oil Weekly options are now available, complementing the highly liquid Friday expirations. This addition provides greater precision and flexibility for managing crude oil price risk.
With expectations of tight global oil stocks, upcoming meetings by OPEC+ and the Federal Reserve, and now the war in Israel, traders are increasingly turning toward WTI Weekly options to precisely hedge oil price and volatility risks.
Since launching on July 31, Monday and Wednesday WTI Weekly options have traded over 250K contracts.
Small, but mighty: Micro Henry Hub futures and options launch Nov. 6*
Micro Henry Hub Natural Gas futures and options contracts, which are just 1/10 the size of the standard contracts, will allow traders of all sizes to access the natural gas market and fine-tune exposure at a lower cost.
Additionally, the new Micro Henry Hub Natural Gas options will be available with both monthly and Friday expirations.
*Pending regulatory review
WTI is the major crude oil grade setting the global marginal price
Since WTI was added to the Dated Brent Index, participation in Gulf Coast crude oil grades has increased, with open interest reaching a new record of 529K contracts in September.
WTI Houston and WTI Midland, which trade as a differential to the benchmark WTI futures contract, offer the best liquidity for Gulf Coast price exposure.
Henry Hub: the market leader for Natural Gas options
In September, Henry Hub Natural Gas options volume continued to grow, with 63% of the total volume being traded on-screen. In addition to monthly options, 24-hour liquidity is available in Henry Hub Friday Weekly options, making CME Group home to the most liquid natural gas market.
Energy options traders prefer CME Direct
CME Direct, the leader in Energy options, offers 24-hour streaming liquidity for Crude Oil and Natural Gas monthly and weekly options.
Execute covered, multi-leg strategies with a consolidated view of all trades, RFQs, crosses, and blocks. Plus, see all listed options for a futures contract.
Explore the robust features that empower traders to optimize their strategies efficiently.
Options on Weather futures expanded to cover 18 cities globally
In August 2023, options on Heating Degree Day (HDD), Cooling Degree Day (CDD), and Cumulative Average Temperature (CAT) futures launched covering key cities in the U.S., Europe, and Asia.
Traditionally traded by utility companies, our complex of Weather futures and options has seen increased participation. They have reached a record open interest (OI) of 230K contracts, with average daily volume (ADV) up 285% from 2022.
Stay on top of all CME Group energy-related news on LinkedIn or Twitter.
The opinions and statements contained in the commentary on this page do not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs. This content has been produced by [Data Resource Technology]. CME Group has not had any input into the content and neither CME Group nor its affiliates shall be responsible or liable for the same.
CME GROUP DOES NOT REPRESENT THAT ANY MATERIAL OR INFORMATION CONTAINED HEREIN IS APPROPRIATE FOR USE OR PERMITTED IN ANY JURISDICTION OR COUNTRY WHERE SUCH USE OR DISTRIBUTION WOULD BE CONTRARY TO ANY APPLICABLE LAW OR REGULATION.
STAY IN THE KNOW
Get the latest updates on the CME Group energy market.