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by Jim Colburn Leave a Comment
Yesterday, the most active WTI options by volume were calls: June 70c traded 16,611 times; June 75c, 13,183; Dec 70c, 8,208… However, quietly (only about 3,000 traded), the June 60 put’s open interest went over 50,000 yesterday (51,066)… No other option is over 40,000… It’s delta is only .14… The option goes off May 17th… We’ll watch how this plays out…
Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.
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