Energy options
Manage risk, trade with confidence and capture opportunities with Energy options.
| Product Name | Clearing | Globex | Exch | Volume | Open Interest |
|---|---|---|---|---|---|
| Crude Oil Option | LO | LO | NYMEX | 230,594 | 2,189,473 |
| Natural Gas Option (European) | LN | LNE | NYMEX | 208,079 | 4,555,538 |
| Crude Oil Friday Weekly Option - Week 1 | LO1 | LO1 | NYMEX | 9,546 | 17,755 |
| WTI Average Price Option | AO | AAO | NYMEX | 7,533 | 402,114 |
| Crude Oil Monday Weekly Option - Week 5 | ML5 | ML5 | NYMEX | 7,519 | 0 |
| Product Name | Clearing | Globex | Exch | Volume | Open Interest |
|---|---|---|---|---|---|
| Crude Oil Option | LO | LO | NYMEX | 230,594 | 2,189,473 |
| Crude Oil Friday Weekly Option - Week 1 | LO1 | LO1 | NYMEX | 9,546 | 17,755 |
| WTI Average Price Option | AO | AAO | NYMEX | 7,533 | 402,114 |
| Crude Oil Monday Weekly Option - Week 5 | ML5 | ML5 | NYMEX | 7,519 | 0 |
| Crude Oil Tuesday Weekly Option - Week 1 | NL1 | NL1 | NYMEX | 6,959 | 9,480 |
| Product Name | Clearing | Globex | Exch | Volume | Open Interest |
|---|---|---|---|---|---|
| Natural Gas Option (European) | LN | LNE | NYMEX | 208,079 | 4,555,538 |
| Natural Gas Option (American) | ON | ON | NYMEX | 5,465 | 86,153 |
| Natural Gas (Henry Hub) Last-day Financial 5 Month Spread Option | G5 | AG5 | NYMEX | 1,400 | 22,750 |
| Natural Gas (Henry Hub) Last-day Financial Option | E7 | AE7 | NYMEX | 1,200 | 236,036 |
| Natural Gas (Henry Hub) Last-day Financial 1 Month Spread Option | G4 | G4X | NYMEX | 700 | 72,175 |
Get information on exchange rules, delivery procedures and clearing services. View NYMEX Rulebook.
Unparalleled flexibility and risk management
Energy options offer unparalleled flexibility and risk management tools for Crude Oil, Natural Gas and Refined products. Whether you're hedging against price fluctuations, capitalizing on market opportunities or tailoring your risk profile, our options empower you to make informed decisions, gain a competitive edge in the energy market and achieve your trading goals.
Quick links
Why trade Energy options?
Capitalize on market opportunities
Take advantage of potential price increases and market volatility to generate additional income or enhance your trading strategies.
Access unparalleled liquidity
Benefit from our exclusive, liquid markets, including the only liquid Weekly options market for Crude Oil and the most liquid Natural Gas options market.
Gain a competitive edge
Use sophisticated risk management tools and diverse options strategies to gain an advantage in the energy market.
Tools for your trading strategy
Build and refine your trading strategies with free pricing and analytics tools for CME Group Energy options.
Bloomberg Vendor Codes
|
Contract |
Globex Code |
Bloomberg Code |
|---|---|---|
|
WTI Crude Oil options |
LO |
CL Comdty |
|
WTI Crude Oil Monday Weekly options |
ML1-ML5 |
IMLA Comdty |
|
WTI Crude Oil Tuesday Weekly options |
NL1-NL5 |
IOLA Comdty |
|
WTI Crude Oil Wednesday Weekly options |
WL1-WL5 |
IWLA Comdty |
|
WTI Crude Oil Thursday Weekly options |
XL1-XL5 |
IZLA Comdty |
|
WTI Crude Oil Friday Weekly options |
LO1-LO5 |
CLWA Comdty |
|
Brent Crude options |
BE |
BZBA Comdty |
|
Brent Crude Oil Weekly options |
BW1-BW5 |
BZCA Comdty |
|
Henry Hub Natural Gas (Physical) options |
ON |
NGA Comdty |
|
Natural Gas Weekly (Physical) options |
ON1-ON5 |
ONWA Comdty |
|
Henry Hub Natural Gas (Financial) options |
LNE |
GK Comdty |
|
Natural Gas Weekly (Financial) options |
LN1-LN5 |
GKWA Comdty |
Energy options insights
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Master the Energy options market
Take self-guided courses on Energy options products
If you’re new to options, the courses below can help you quickly understand the Energy options market and start trading today.
Contact an Energy expert
Connect with a member of our expert Energy team to get more information about our products, find a broker or to contact a market maker.
