Expiries of Metals Weekly options every day of the trading week - Monday through to Friday - provide market participants with granular control over hedging strategies, particularly around unpredictable market events. 

The strong liquidity and flexibility of Gold, Silver and Copper Weekly options strong liquidity and flexibility make these products a compelling choice for traders.

Recent volumes and open interest have significantly increased driven by their ability to hedge around key macroeconomic events like interest rate announcements or economic data releases:

• Gold Weekly options have seen an average daily volume (ADV) of over 21K contracts, a 54% year-on-year increase.

• Silver Weekly options have also seen strong growth, with ADV over 3K contracts

• Copper Weekly options, in particular, have seen a 104% YTD volume growth, averaging over 800 contracts trading per day

Our Friday expirations in Gold, Silver and Copper Weekly options are extremely liquid. But are you looking for expirations on the other days of the week? 

Macro events can happen at any time, and market participants looking for opportunities or to manage market risk can access Gold, Silver and Copper Weekly options on every day of the week.

Monday to Thursday options are increasingly favored by traders for their flexibility, especially when managing short-term market risks related to major economic events, such as Fed meetings or macroeconomic announcements. Additionally, a significant portion of trading now occurs outside U.S. hours, contributing further to the deep liquidity of Weekly options across multiple time zones.

Trading in Metals options has grown tremendously in the past 10 years. Since the end of 2016, electronic trading and activity outside of US hours has flourished.  

Volume outside of U.S. hours in 2016 accounted for less than 10% of total volumes and has grown to nearly 26% in 2024.  The most compelling part of this growth was that total volumes have more than doubled since 2016.  

At the same time, electronic trading has risen from 75% in 2016 to 85% in 2024.  Availability of electronic liquidity during EMEA and APAC sessions have been key drivers of growth.

Metals weekly options are becoming more and more liquid throughout all time zones as this trend continue.

Request for Quote (RFQ) on CME Direct empowers traders to access fast, competitive pricing on complex options strategies, with the added benefits of transparency, flexibility and reduced execution risk. 

RFQ is a vital tool for options traders, offering a seamless and efficient way to execute complex strategies, especially in markets where liquidity might be thin. 

RFQ allows traders to request live quotes for single instruments or multi-leg strategies, which are then broadcast anonymously to other participants on the platform. This enables competitive price discovery as multiple liquidity providers respond with actionable bids and offers.

RFQ functionality is deeply embedded in the Metals options markets and now accounts for 50% of electronically traded volume.

QuikStrike tools offer a comprehensive suite of analytical tools that are crucial for options traders looking to navigate the complexities of the options markets. 

QuikStrike’s powerful analytics, from volatility analysis to open interest heatmap, provide traders with the data and insights necessary for informed decision-making, helping you stay ahead in a fast-paced options market.

Access QuikStrike tools today, integrated into CME Direct, our trading front-end, so you can view and trade options and blocks markets from a single screen and build and refine your trading strategies.