Crude oil option is a very good financial derivative. Compared with futures, its advantages are limited risks and unlimited profits, unlike futures, which are more risky if they are unilateral markets. The disadvantage of options is that they are not popular enough, and investors' publicity is not enough. Most retail investors simply don't know what options are. Refers to the option contract with crude oil futures contract as the subject matter, which is divided into call option and put option. Buyers can obtain the right to trade crude oil contracts within a fixed exercise price range by paying the corresponding royalties. Options can hedge futures trading and choose to exercise. The seller can also choose to hedge, and can perform the contract after maturity.