Can I buy options on crude oil?
Investors, speculators, and hedgers can use options in the oil market to gain the right to purchase or else sell physical crude or crude futures at a set price before their options expire. Options, unlike futures, do not have to be exercised on expiration, giving the contract holder more flexibility.
Where can I find options volume?
Access the quote board and find the volume column (often abbreviated “vol”). Volume represents the number of contracts traded during the current or latest market session. The higher the volume, the greater the number of options traded.
How do I scan for unusual options activity?
To see the unusual options volume scan, click the ‘unusual volume’ tag, and then click on the ‘edit’ button for the scan you’d like. From there, you can sort, add columns, remove results, and make some adjustments to find better what you are looking for and how to trade it.
Where can I find options activity?
Option activity is displayed on the trading platforms of most online brokers and stock traders.
Where can I trade crude oil options?
Crude Oil option contracts are available for trading at New York Mercantile Exchange (NYMEX).
Is WTI and Nymex same?
West Texas Intermediate (WTI) can refer to a grade or a mix of crude oil, and/or the spot price, the futures price, or the assessed price for that oil; colloquially WTI usually refers to the price of the New York Mercantile Exchange (NYMEX) WTI Crude Oil futures contract or the contract itself.
What is options volume?
Volume is the total number of option contracts bought and sold for the day, for that particular strike price. Trading volume on an option is relative to the volume of the underlying stock.
How do I buy oil futures options?
If you choose to buy futures or options directly in oil, you will need to trade them on a commodities exchange. The more common way to invest in oil for the average investor is to buy shares of an oil ETF. Finally, you can also invest in oil through indirect exposure by owning various oil companies.
What is Brent and Nymex crude?
WTI is the benchmark crude for North America. The NYMEX (New York Mercantile Exchange) division of the CME (Chicago Mercantile Exchange) lists futures contracts of WTI crude oil. Delivery for WTI crude futures occurs in Cushing, Oklahoma. Brent crude oil futures trade on the Intercontinental Exchange (ICE).
What do call options on crude oil do?
Crude Oil Options on Futures Contracts Explained. A crude oil call option gives the purchaser the right but not the obligation to purchase the underlying futures contract for a specific time period and a specific price (strike price).
Are there any options for crude oil futures?
Additional risk management and trading opportunities are offered through options on the crude oil future contract; crack spread options on the pricing differential of heating oil future contracts vs. crude oil future contracts or unleaded gasoline futures contracts vs. crude oil futures.
What are the hours for crude oil trading?
Crude Oil Futures and Options: Open outcry trading is conducted from 9:00 A.M. until 2:30 P.M. After hours crude oil futures trading are conducted via the GLOBEX internet-based trading platform beginning at 3:15 P.M. on Mondays through Thursdays and concluding at 9:30 A.M. the following day.
How much is a barrel of crude oil worth?
Crude oil Futures and Options: $0.01 (1ยข) per barrel ($10.00 per contract). Crude Oil Futures: $10.00 per barrel ($10,000 per contract) for all months. If any contract is traded, bid, or offered at the limit for five minutes, crude oil futures trading is halted for five minutes.