Striking Insights: Introducing Quarter Strikes in Weekly Crude Oil Options

  • 20 May 2021
  • By CME Group

Trending product: Weekly Crude Oil options

  • Beginning June 28, strike increments for WTI and Brent Weekly options will be reduced from $0.50 to $0.25.
  • Reduced strike increments should provide a more precise mechanism for managing short-term crude oil exposure. Read the SER.
  • Weekly options can offer a low-cost tool to mitigate risk associated with physical or financial positions in crude oil.

Our article, Hedging with WTI Crude Oil Weekly Options, provides a range of use cases and strategies for Weekly WTI options for storage, upstream, and downstream risk management.

Directed Request for Quote (DRFQ)

DRFQ utilization is on the rise as traders look for improved and streamlined efficiencies to safekeep compliance audit trails. DRFQ can optimize block trading in privately-negotiated, exchange-eligible futures, options, and strategies.

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QuikStrike Spotlight: CME Group Volatility Indexes (CVOL)

CVOL delivers the first-ever cross-asset class family of implied volatility indexes based on simple variance. CME Group lists a broad-based energy market index in addition to reference indexes on four benchmark energy products, including WTI, Henry Hub, RBOB, and Heating Oil.

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Our current Chart of the Week reviews OPEC+ output ahead of its next meeting.

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