WTI Crude Oil Futures (August 2026) (CLQ6) Options Chain
The options chain displays all available contracts with real-time quotes, Greeks, volume, and open interest for each strike and expiration. It is the primary tool for options trade selection.
WTI Crude Oil Futures (August 2026) (CLQ6) operates in the Energy Futures sector, specifically the Energy Futures industry, listed on NYMEX. WTI Crude Oil Futures August 2026 contract: NYMEX WTI Crude Oil futures (CL): the global benchmark for North American crude oil pricing, settling against physically deliverable barrels at Cushing, OK.
Snapshot as of Jul 16, 2026.
- Spot Price
- $79.05
- Total OI
- 532.5K
- Total Volume
- 59.3K
- Avg Bid/Ask Spread
- 3.45%
As of Jul 16, 2026, WTI Crude Oil Futures (August 2026) (CLQ6) has 532.5K open contracts and 59.3K contracts traded. Average bid/ask spread across the chain is 3.45%: moderate spreads, acceptable for most positions. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.
How CLQ6 options chain Data Feeds Strategy Selection
Strategy selection on WTI Crude Oil Futures (August 2026) options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV varies by tenor and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the CLQ6 chain depth
The listed-expirations table above shows every expiration available for WTI Crude Oil Futures (August 2026) options with its days-to-expiration count and ATM implied volatility. Front-month expirations carry the most volume, the highest gamma, and the tightest bid-ask spreads; longer-dated tenors carry less liquidity but more vega exposure.
CLQ6 chain mechanics and execution
Options are listed at standardized strike intervals (typically $1 for sub-$25 underlyings, $2.50-$5 for mid-cap, $10-$50 for large-cap), and the deltas of each listed strike are determined by where IV lies relative to the strike's moneyness. Average bid/ask spread on the CLQ6 chain is 3.45% - a measure of liquidity. Tighter spreads on liquid strikes mean lower transaction costs; wider spreads on long-dated or far-OTM strikes mean execution drag can dominate the math. The chain table on the SPA side shows the full per-strike, per-expiration grid; this SSR page summarizes the listed expirations and the front-month context to anchor the structural read.
Using the CLQ6 chain to build structures
Strategy selection starts with the chain: directional theses use single-leg calls or puts, range-bound theses use credit spreads or iron condors, vol theses use straddles or strangles, calendar theses use diagonal spreads. Cross-reference with the gamma-exposure profile to understand where dealer hedging will reinforce or fight your position, and with the volatility-skew chart to confirm the strikes you're trading sit at the IV levels your strategy assumes.
Learn how the options chain is reported and how to read the data →
CLQ6 listed expirations
Per-expiration ATM implied volatility for CLQ6 options. Each row is one listed expiration with its days-to-expiration count and ATM IV pulled from the same term-structure feed that powers the SPA's expiration filter. Front-month expirations carry the highest gamma, the tightest bid-ask spreads, and the most volume; longer-dated tenors carry less liquidity but more vega.
| Expiration | DTE | ATM IV |
|---|---|---|
| Jul 16, 2026 | 1 | 65.1% |
Frequently asked CLQ6 options chain questions
- What does the CLQ6 options chain show right now?
- As of Jul 16, 2026, WTI Crude Oil Futures (August 2026) (CLQ6) has 532.5K contracts outstanding and 59.3K traded today. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
- What expirations are available for CLQ6 options?
- CLQ6 expiration cycles include weeklies, monthlies, and LEAPS depending on listing density.
- How tight are CLQ6 options bid/ask spreads?
- Average bid/ask spread across the chain is 3.45%. Moderate spreads are acceptable for most defined-risk positions; size with awareness of execution slippage.