How come there is no OPTIONS for crude oil?

Quote from gurucandidate:

I see there are indeed electronically traded CL options at IB. Good news.

I refereed to complexity in pricing options for option writers and defensive strategies which the author totally missed.
I imagine IB and other brokers took their time to implement CL electronic options because they tried to figure out how to assign client exposure to option spreads.
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Calendar spreads, calendar butterflies and rolls in CL options carry futures-calendar risks. This does not in any way refute Black Scholes. It's simply another risk to price. If you're long the Feb-Mar 50 call calendar you would hedge a portion of your futures risk in shorting the Feb-Mar futures spread.
 
Quote from MGJ:

One place to start would be http://tinyurl.com/7yqup7

Another place to start would be the help desk at optionsexpress. Maybe "someone" set up your account in a way that prevents the website from giving you access to the options pages.
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Thanks for the link MGJ

Here is what I don't understand. Looking at your link at 2016 december call options, I saw that options with strike price $110 is settled at $9.75 whereas option with strike price $200 is settled at $3.51

This means that whoever purchased $110 strike price call option with $9.75 will be in the money if the spot price closes at $119.75 on the third friday of December. But same call option with $200 strike price is selling for $3.51 meaning, the call option buyer will be in the money if the spot price exceeds $203.51 on the third friday of that month.

What am I missing here? Who would wanna buy an option that would be in the money at $203.51 whereas you can get one at $119.75 in the money.

I understand you have to put up 3x more money at the beginning but there is almost 2x more risk to take.

Can someone explain?
 
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