New Delhi | Trading activity in crude oil derivatives on the National Stock Exchange (NSE) has witnessed a significant surge, with crude oil options recording their highest-ever premium turnover, trading volume and open interest. The exchange attributed the growth to improved product design and positive market response, providing traders with greater flexibility and enhanced risk management opportunities.
On July 9, 2026, NSE’s crude oil options segment achieved a record premium turnover of ₹2,006.49 crore, the highest since the product’s launch. The day also saw 47,33,862 contracts traded, while open interest crossed 1,14,000 contracts for the first time, reflecting rising participation from investors and market participants.
The strong growth follows a key change introduced by the exchange on November 6, 2025, when the expiry schedule for crude oil options was revised based on market feedback. Earlier, the contracts expired two trading days before the corresponding futures contract. Under the revised framework, expiry was shifted to seven trading days before the futures expiry, giving traders additional time to execute strategies, hedge positions and manage market risk more effectively.
The revised expiry structure has contributed to a steady increase in trading activity over the past several months.
Earlier, on June 9, 2026, which was an expiry day, NSE had recorded another milestone with 28,64,618 crude oil options contracts traded. On that occasion, premium turnover reached ₹1,239.10 crore, while crude oil futures registered a record turnover of ₹378.32 crore.
NSE said it remains committed to strengthening the commodity derivatives market by continuously refining its products in line with industry feedback. The exchange noted that it will continue introducing enhancements designed to improve trading efficiency, provide better investment opportunities and support the growing participation of investors and traders in India’s commodity markets.
