BSE widens WTI crude oil options strike range, cuts transaction charges

The Bombay Stock Exchange (BSE) has announced significant changes to its WTI Crude Oil options contracts, including widening the strike price range and reducing transaction charges. These changes aim to improve trading flexibility and encourage greater participation in the commodity derivatives segment. The new contract specifications will expand the available options strikes from 25 ITM and OTM strikes to 50 on either side of the at-the-money (ATM) strike, providing traders and hedgers with more flexibility in executing strategies and managing exposure to crude oil price movements.

Additionally, BSE has revised the expiry structure for options on WTI Crude Oil futures, allowing participants more time to manage positions and plan rollovers. The exchange has also kept the expiry cycle for futures contracts unchanged and lowered transaction charges to ₹2 per crore for futures and ₹10 per crore for options. The existing contract symbol WTICRUDE will be renamed CRUDEOIL for both futures and options on futures contracts.

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