Striking Insights: Introducing Quarter Strikes in Weekly Crude Oil Options

  • 20 May 2021
  • By CME Group
  • Topics: Energy

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.


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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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