Weekly Energy options
Manage risk and maintain exposure efficiently with short-term options on crude oil and natural gas benchmarks for multiple days of the week.
Add flexibility at a lower premium
Enjoy lower option premiums when targeting shorter periods of risk, coupled with precise hedging on physical or financial positions.
Tap into leading Energy options liquidity
Trade the most liquid Crude Oil Weekly options market as well as Natural Gas Weekly options built on the most liquid Natural Gas options market.
Turn short-term risk into an opportunity
Precisely manage volatility surrounding events like OPEC+ meetings, EIA reports, geopolitical shifts, cargo-loading windows, weather and weekend risk.
Manage risk, maintain exposure when volatility strikes
With their shorter-term maturities and lower premiums, Weekly Energy options offer the most precise, cost-effective tools for managing short-term price risk strategically without disrupting existing exposure. Use them to complement longer-dated crude oil and natural gas positions in your Energy portfolio, to hedge short-term price risk related to market-moving events like OPEC+ meetings.
QUICK LINKS
Enjoy more ways to manage short-term risk
Choose from options expirations available every day of the week for Crude Oil and every Friday for Natural Gas.
See how traders are using Weekly options
Learn how other market participants use Weekly options to manage event risk and reduce portfolio volatility.
Learn how to hedge event-driven risk over a weekend and into the following week using WTI Weekly options.
Explore how to use WTI Weekly options to hedge oil risk and express views around market-moving events, with precision and lower premiums.
Discover how to effectively manage price risk in the global crude oil market using Weekly option expirations.
Learn how to combine weekly and monthly expiries to hedge or express short-term views on oil price or volatility.
Vendor codes
| WEEKLY OPTION | MONTHLY OPTION | UNDERLYING FUTURE | ||
|---|---|---|---|---|
| CME GLOBEX | BLOOMBERG | |||
| WTI Crude Oil Monday | ML1-ML5 | IMLA Comdty | LO | CL |
| WTI Crude Oil Tuesday | NL1-NL5 | IOLA Comdty | ||
| WTI Crude Oil Wednesday | WL1-WL5 | IWLA Comdty | ||
| WTI Crude Oil Thursday | XL1-XL5 | IZLA Comdty | ||
| WTI Crude Oil Friday | LO1-LO5 | CLWA Comdty | ||
| Micro WTI Crude Oil | MW1-MW5 | WWIA Comdty | MCO | MCL |
| Brent Crude Oil | BW1-BW5 | BZCA Comdty | BZO | BZ |
| Natural Gas (Physical) | ON1-ON5 | ONWA Comdty | ON | NG |
| Natural Gas (Financial) | LN1-LN5 | GKWA Comdty | LN | NG |
Tools for your trading strategy
Build and refine your trading strategies with free pricing and analytics tools for Weekly Energy options.
CME Direct
Trade the markets all on one screen
Access the world's only liquid Crude Oil Weekly options market on CME Direct, a one-stop trading platform for futures, options and blocks.
- Right click on the titles above and save the files as an .xml to your computer.
- Import the grids into CME Direct with the Import View in the main menu.
Insights
Get our experts' perspectives on current trends.
Understand how Weekly WTI options work
Learn important details about Weekly WTI Crude Oil options and what you need to know to optimize use of these contracts alongside your current strategies.
Contact an Energy expert
Connect with a member of our expert Energy team for more information about our products.
