Options on futures

POWER YOUR PORTFOLIO WITH OPTIONS

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.

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

Now Available

Ag Weekly options

Weekly options expiring every day of the trading week provide precise tools to hedge short-term risk for global grains and oilseeds.

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).

Trade Activity Dashboard

CME Direct Strategies
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.


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.



Volatility tools





See how traders are using options

Resources

Want to gain a better understanding of options?

Take self-guided courses on Options

Contact an Options expert

KNOW THE MARKET