WTI Crude Oil Futures (October 2026) (CLV6) Options Chain
The options chain displays all available contracts with end-of-day quotes, Greeks, volume, and open interest for each strike and expiration, and streams live quotes for traders who connect a broker. It is the primary tool for options trade selection.
WTI Crude Oil Futures (October 2026) (CLV6) operates in the Energy Futures sector, specifically the Energy Futures industry, listed on NYMEX. WTI Crude Oil Futures October 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 Aug 28, 2026.
- Spot Price
- $83.44
- Total OI
- 599.7K
- Total Volume
- 74.0K
- Front Expiration
- 20 days
- ATM IV
- 26.7%
- Avg Bid/Ask Spread
- 21.59%
As of Aug 28, 2026, WTI Crude Oil Futures (October 2026) (CLV6) has 599.7K open contracts and 74.0K contracts traded. The nearest expiration is 20 days out. ATM implied volatility is 26.7%. Average bid/ask spread across the chain is 21.59%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.
How CLV6 options chain Data Feeds Strategy Selection
Strategy selection on WTI Crude Oil Futures (October 2026) options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 26.7% 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 CLV6 chain depth
The listed-expirations table above shows every expiration available for WTI Crude Oil Futures (October 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. CLV6 front expiration sits at 20 days - the typical hedging horizon for monthly options.
CLV6 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 CLV6 chain is 21.59% - 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 CLV6 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. CLV6's current 7.64% expected move anchors wing placement - structures with wings at the implied band collect the modal-outcome premium under lognormal assumptions. 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 →
CLV6 listed expirations
Per-expiration ATM implied volatility for CLV6 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 |
|---|---|---|
| Aug 31, 2026 | 3 | 26.7% |
| Sep 1, 2026 | 4 | 29.5% |
| Sep 2, 2026 | 5 | 32.2% |
| Sep 3, 2026 | 6 | 33.9% |
| Sep 4, 2026 | 7 | 35.2% |
| Sep 8, 2026 | 11 | 34.8% |
| Sep 9, 2026 | 12 | 36.0% |
| Sep 10, 2026 | 13 | 37.3% |
| Sep 11, 2026 | 14 | 38.1% |
| Sep 14, 2026 | 17 | 37.2% |
| Sep 15, 2026 | 18 | 37.9% |
| Sep 16, 2026 | 19 | 38.5% |
| Sep 17, 2026 | 20 | 38.8% |
Frequently asked CLV6 options chain questions
- What does the CLV6 options chain show right now?
- As of Aug 28, 2026, WTI Crude Oil Futures (October 2026) (CLV6) has 599.7K contracts outstanding and 74.0K traded today, with ATM IV of 26.7%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
- What expirations are available for CLV6 options?
- The nearest expiration is 20 days out. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
- How tight are CLV6 options bid/ask spreads?
- Average bid/ask spread across the chain is 21.59%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.