Crude Oil WTI May '24 Futures Options Prices - Barchart.com (2024)

The FuturesOptions Quotes page provides a way to view thelatest Optionsusing current Intraday prices, orDaily Optionsusing end-of-day prices.

Options prices are delayed at least 15 minutes, per exchange rules, and trade times are listed in CT.

Options Type

American Options: An American option is an option that can be exercised anytime during its life. American options allow option holders to exercise the option at any time prior to, and including its maturity date, thus increasing the value of the option to the holder.

European-Style Options: A European option is an option that can only be exercised at the end of its life, at its maturity. European options tend to sometimes trade at a discount to their comparable American option because American options allow investors more opportunities to exercise the contract.

Short Dated New Crop Options: The term short-dated refers to a shorter window before the option's last trading day, otherwise known as option expiration. A traditional (or long-dated) option has a longer window before the option expires. In corn, traditional December calls and puts expire in late November. In soybeans, traditional November calls and puts expire in late October. Short-dated options have the same underlying futures contract (or instrument). The underlying futures contract for corn is December, and the underlying futures contract for soybeans is November. With short-dated, there are fewer days of coverage. As an example, a July short-dated option will expire in late June, even though the underlying futures contract is December.

Calendar Spread Options: A calendar spread is an option spread established by simultaneously entering a long and short position on the same underlying asset but with different delivery months. Sometimes referred to as an interdelivery, intramarket, time or horizontal spread.

Weekly Options: Weekly options are the same as standard American Options, except they expire on a Friday.

  • Week 1 options expire on the first Friday of the month
  • Week 2 options expire on the second Friday of the month
  • Week 3 options expire on the third Friday of the month
  • Week 4 options expire on the forth Friday of the month
  • Week 5 options expire on the fifth Friday of the month (if it exists)

Weekly European Options: Same as Weekly Options above but can only be exercised at the maturity date (Friday).

Monday Weekly Options: A weekly option that expires on Monday rather than Friday.

  • Week 1 - 1st Friday of the month
  • Week 2 - 2nd Friday of the month
  • Week 3 - 3rd Friday of the month
  • Week 4 - 4th Friday of the month
  • Week 5 - 5th Friday of the month

Wednesday Weekly Options: A weekly option that expires on Wednesday rather than Friday.

  • Week 1 - 1st Wednesday of the month
  • Week 2 - 2nd Wednesday of the month
  • Week 3 - 3rd Wednesday of the month
  • Week 4 - 4th Wednesday of the month
  • Week 5 - 5th Wednesday of the month

New Crop Options: Options with an expiration date after harvest has been completed.

CSO Consecutive: A calendar Spread where the first leg is the front month and the second leg is the next available month.

Average Price Options: A type of option where the payoff depends on the difference between the strike price and the average price of the underlying asset. If the average price of the underlying asset over a specified time period exceeds the strike price of the average price put, the payoff to the option buyer is zero. Conversely, if the average price of the underlying asset is below the strike price of such a put, the payoff to the option buyer is positive and is the difference between the strike price and the average price. An average price put is considered an exotic option, since the payoff depends on the average price of the underlying over a period of time, as opposed to a straight put, the value of which depends on the price of the underlying asset at any point in time.

Crack Spreads: The spread created in commodity markets by purchasing oil options and offsetting the position by selling gasoline and heating oil options. This investment alignment allows the investor to hedge against risk due to the offsetting nature of the securities.

Crack Spread Average Price Options: Similar to Crack Spreads above, but use Average Price options.

MidCurve Options: Eurodollar Mid-Curve options are short-dated American-style options on long-dated Eurodollar futures. These options, with a time to expiration of three months to one year, have as their underlying instrument Eurodollar futures one, two, three, four or five years out on the yield curve.

Weekly 1-Year Options: Similar to MidCurve options, but expire in 1 weeks.

Weekly 2-Year Options: Similar to MidCurve options, but expire in 2 weeks.

Weekly 3-Year Options: Similar to MidCurve options, but expire in 3 weeks.

EOM Options: End Of Month options are designed to expire on the last business day of each calendar month, offering alignment with month-end accounting cycles.

Additional Selection Criteria

Select an options expiration date from the drop-down list at the top of the table, and select "Near-the-Money" or "Show All' to view all options.

You can also view options in aStackedorSide-by-Sideview. The View setting determines how Puts and Calls are listed on the quote. For both views, "Near-the-Money" Calls are Puts are highlighted:

  • Near-the-Money - Puts: Strike Price is greater than the Last Price
  • Near-the-Money - Calls: Strike Price is less than the Last Price

Logged in Barchart Members can set a preference for how this page displays.

  1. Select your desired number of strikes
    • 5 Strikes +/-
    • Near-the-Money (10 Strikes +/-)
    • 20 Strikes +/-
    • 50 Strikes +/-
    • All Strikes
  2. Select the page layout (Side-by-Side, Stacked)
  3. Choose whether you want to see Intraday or End-of-Day options prices.
  4. Sort the Strike column in ascending or descending order
  5. Finally, click the "Make this my default view" link top right of the page to save your preference for the next time you visit the page.

Data Shown on the Page

For the selected Options Expiration date, the information listed at the top of the page includes:

  • Options Expiration: The last day on which an option may be exercised, or the date when an option contract ends. Also includes the number of days till options expiration (this number includes weekends and holidays).
  • Price Value of Option Point: The intrinsic dollar value of one option point. To calculate the premium of an option in US Dollars, multiply the current price of the option by the option contract's point value. (Note: The point value will differ depending on the underlying commodity.)

Stacked View

AStackedview lists Puts and Calls one on top of the other, sorted by descending Strike Price. Puts are identified with a "P" after the Strike Price, while Calls are identified with a "C" after the Strike Price.

  • Strike: The price at which the contract can be exercised. Strike prices are fixed in the contract. For call options, the strike price is where the shares can be bought (up to the expiration date), while for put options the strike price is the price at which shares can be sold. The difference between the underlying contract's current market price and the option's strike price represents the amount of profit per share gained upon the exercise or the sale of the option. This is true for options that are in the money; the maximum amount that can be lost is the premium paid.
  • Open: The open price for the options contract for the day.
  • High: The high price for the options contract for the day.
  • Low: The low price for the options contract for the day.
  • Last: The last traded price for the options contract.
  • Change: Today's change in price
  • Volume: The total number of option contracts bought and sold for the day, for that particular strike price.
  • Open Interest: Open Interest is the total number of open option contracts that have been traded but not yet liquidated via offsetting trades for that date.
  • Premium: The price of the options contract.
  • Time: The time of the last trade for the options contract.

Side-by-Side View

ASide-by-SideView lists Calls on the left and Puts on the right.

  • Last: The last traded price for the options contract.
  • Volume: The total number of option contracts bought and sold for the day, for that particular strike price.
  • Open Interest: Open Interest is the total number of open option contracts that have been traded but not yet liquidated via offsetting trades for that date.
  • Premium: The price of the options contract.
  • Strike: The price at which the contract can be exercised. Strike prices are fixed in the contract. For call options, the strike price is where the shares can be bought (up to the expiration date), while for put options the strike price is the price at which shares can be sold. The difference between the underlying contract's current market price and the option's strike price represents the amount of profit per share gained upon the exercise or the sale of the option. This is true for options that are in the money; the maximum amount that can be lost is the premium paid.

Totals

The totals listed at the bottom of the page are calculated from All calls and puts, and not just Near-the-Money options.

  • Put Premium Total: The total dollar value of all put option premiums.
  • Call Premium Total: The total dollar value of all call option premiums.
  • Put/Call Premium Ratio: Put Premium Total / Call Premium Total
  • Put Open Interest Total: The total open interest of all put options.
  • Call Open Interest Total: The total open interest of all call options.
  • Put/Call Open Interest Ratio: Put Open Interest Total / Call Open Interest Total.
Crude Oil WTI May '24 Futures Options Prices - Barchart.com (2024)

FAQs

What is the symbol for West Texas Intermediate crude oil? ›

Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma (DCOILWTICO) | FRED | St. Louis Fed.

What is the term West Texas Intermediate? ›

Key Takeaways. West Texas Intermediate (WTI) is a light, sweet crude oil that serves as one of the main global oil benchmarks. It is sourced primarily from inland Texas and is one of the highest quality oils in the world, which is easy to refine. WTI is the underlying commodity for the NYMEX's oil futures contract.

How much is a barrel of oil going for today? ›

WTI Crude83.85+0.28
Brent Crude89.50+0.49
Murban Crude89.51+0.43
Natural Gas1.923-0.063
Gasoline •2 days2.765+0.006
3 more rows

What is the symbol for light sweet crude oil futures? ›

Light Sweet Crude Oil Futures,M (CLH16. NYM) Stock Price, News, Quote & History - Yahoo Finance.

What is the current price of WTI grade crude oil from Texas? ›

Oil Price Charts
Futures & IndexesLastLast Updated
WTI Crude83.85(1 Day Delay)
Brent Crude89.50(1 Day Delay)
Murban Crude89.51(6 Minutes Delay)
Natural Gas1.614(1 Day Delay)
21 more rows

What is the difference between WTI and crude oil? ›

Brent Crude is the benchmark used for the light oil market in Europe, Africa, and the Middle East, originating from oil fields in the North Sea between the Shetland Islands and Norway. West Texas Intermediate is the benchmark for the U.S. light oil market and is sourced from U.S. oil fields.

What do people call West Texas? ›

The portion of West Texas that lies west of the Pecos River is often called "Far West Texas" or the "Trans-Pecos", a term introduced in 1887 by geologist Robert T. Hill. The Trans-Pecos lies within the Chihuahuan Desert and is the aridest part of the state.

What is the difference between Brent crude and WTI? ›

As mentioned earlier in the article, Brent crude is the benchmark used for the wider light oil market – ie Europe, Africa and the Middle East, while WTI is the benchmark for the US light oil market. Other countries often use both Brent and WTI as benchmarks to value their crude oil.

Where does WTI crude oil come from? ›

WTI Crude Oil is extracted from fields located in Texas, North Dakota, and Louisiana of the United States. Brent Crude is extracted from the North Sea near Europe; its oil fields include Brent, Ekofisk, Forties, and Oseberg.

What happens if oil is not traded in dollars? ›

Oil sells best when there is an accepted trading market, and a consistent currency. What would happen to the American economy if other countries bought their oil with other currency instead of the U.S. dollar? Very little. The only affect would be in foreign currency exchange.

How much oil is left in the world? ›

The world holds around 1.56 trillion barrels in proved crude oil reserves as of 2022.

How much is 1 million barrels of oil worth? ›

In that case, it is worth very nearly whatever the posted WTI price is (quoted at Cushing, currently around $55/bbl) times 1,000,000, minus maybe some brokerage costs, so $55,000,000, more or less.

What is the best indicator for crude oil futures? ›

Some of the best indicators for crude oil trading include moving averages, relative strength index (RSI), MACD (Moving Average Convergence Divergence), and Bollinger Bands.

What is the best indicator for oil futures? ›

3 technical indicators vital when trading oil
  • Moving Average Convergence Divergence (MACD) The MACD is a popular indicator that helps traders identify changes in momentum and trend. ...
  • Relative Strength Index (RSI) ...
  • Bollinger Bands.

What is the tick size of WTI? ›

The Contract

WTI Crude Oil futures trade Sunday through Friday from 5 p.m. to 4 p.m. Central Time (CT), with a one-hour break in trading at 4 p.m. CT. The contract size is 1,000 barrels, with a tick value of $10.00 and a minimum tick size of one cent.

Is there a symbol for crude oil? ›

Crude Oil Jun 24 (CL=F) Stock Price, News, Quote & History - Yahoo Finance.

Where is WCS crude oil found? ›

It is composed mostly of bitumen blended with sweet synthetic and condensate diluents and 21 existing streams of both conventional and unconventional Alberta heavy crude oils at the large Husky Midstream General Partnership terminal in Hardisty, Alberta.

Can you buy WTI crude? ›

You can trade a variety of oil markets with including popular crude oils WTI and Brent Crude, as well as no lead gasoline and heating oil.

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