In this report
Subscribe to get the latest updates
Use weekly options to manage macro events around exacts dates
Since their introduction in 2014, Weekly options have been providing market participants with a more precise hedge around macro events.
Gold Weekly options are now trading over 21K contracts per day, up 54% YoY, followed by silver now trading over 3K contracts per day and copper over 800 contracts per day on average.
With so many global events taking place in Q4 including the much anticipated interest rate cuts and the US elections, Metals options provide the optimal solution to manage your price risk to an exact day.
Friday weekly options expiries are so liquid. Did you know about Monday - Thursday expiries as well?
Liquid Fridays are just the start: Discover Monday to Thursday expiries in Weekly options
Friday expiries on weekly Gold, silver and copper options were introduced in 2014. Since then the Friday expiries have traded 13K Average Daily Volume YTD, providing market participants with a very precise hedge.
But did you know we have expiries on Monday, Tuesday, Wednesday and Thursday as well? Expiries every day of the week can help you manage complex or unexpected Macro events.
Weekly options offer the flexibility to select a specific expiration for every day of the week over the next 30 days. These contracts are available on-screen and provide liquidity in gold, silver and copper.
Record volumes bring in Copper options bring new trading opportunities
COMEX offers best in class screen liquidity for Copper options and remains the venue of choice for investors and funds to gain exposure to copper.
Average daily volume YTD is currently 13K contracts, up 104% compared to 2023. Open interest has been steadily climbing throughout the year, peaking at 320K contracts on May 24.
Take a closer look at Copper options today.
CME Direct is your number 1 platform for options trading
CME Direct is a one-stop trading solution allowing institutional traders and brokers to view, analyze, negotiate and trade all COMEX Metals options via a powerful and highly configurable interface to access:
Efficient price discovery through a global, electronic RFQ network, and private bilateral block market negotiation with seamless Clearport integration.
Request multi-leg spreads as a single market on screen. With the creation of a spread on CME Globex, traders can execute option strategies as a single instrument, eliminating leg risk.Chart and Analyze historical volatility, skew, constant maturity and implied volatility with QuikStrike tools.
Contact us today for a demo or more information.
CVOL
CVOL™ is the global volatility benchmark index, derived from the world’s most actively traded options on futures, across major asset classes.
Derived from extremely liquid Metals option contracts traded on CME Group exchanges, creating a consistent and tractable metric across different products and asset classes.
Also powerful volatility analytics are embedded within your CME Direct application via QuikStrike, enabling you to easily:
View real-time and end-of-day CVOL on Metals options
Compare and contrast volatility across Gold, Silver, Copper and Aluminum options
Chart CVOL values and 5 derivative indicators against historical highs and lows
Visualize trends via interactive charting, including changes in skew and convexity
All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
