We analyze the optical properties of CdTe quantum dots, including the sizing curve, the absorption coefficient, and the oscillator strength of the band gap transition, by combining absorption spectroscopy, elemental analysis, and electron microscopy imaging. At short wavelengths, the absorption coefficient spectrum is still affected by quantum confinement, yet a largely constant value, close to that of bulk CdTe, is found at around 410 nm. At shorter wavelengths, remaining quantum confinement effects on the CdTe E-1 transition are present even for the largest quantum dots studied (11 nm). For the band gap transition, we find an integrated absorption coefficient mu(gap) that scales almost proportionally to the inverse of the quantum dot volu...