Here is a Bloomberg headline from the 22nd:
Big Oil CEOs Join Traders in Seeing Possibility of $100 Oil
And here is yesterday’s activity in WTI options… Note that calls traded more than twice puts, same for open interest… Also note that the highest open interest strike on the board for the last few months has been and continues to be the Dec $100 call of 2022! And yesterday, open interest showed a net increase…
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