May/June and June/July -$5.00 and -$6.50 puts trade 5,000 times each, maybe as a put spread... May/June futures settled at -$4.00, June/July at
Oil prices… Reuters
Bozorgmehr Sharafedin, Reuters, has some nice graphics in a piece on oil prices, here...
Record oil implied vol…
As many of you know, I have been tracking implied vol for WTI since options began trading on November 14th, 1986... I track the at the money option of
Canadian crude is cheap… Houston Chronicle
“Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result
Break even prices for new wells… Dallas Fed…
From a Dallas Fed survey, here:
High frequency traders doing well… WSJ
Scott Patterson and Alexander Osipovich have a nice piece on high frequency trading in the current market environment, here... Bid/offer spreads
Lots of good stuff in This Week in Petroleum… EIA
Here are a couple of charts from the EIA’s excellent This Week in Petroleum... There is more, here... My only quibble is that their vol analysis
The Forgotten Pandemic… Marginal Revolution
I’m not sure whether this is an optimistic (economy comes back quickly) or pessimistic (many lives lost) piece from Marginal Revolution, here...
Most active strike…
The second most active strike yesterday was a May/June -$4.00 put! 7,500 of theses traded, increasing open interest by the same amount... (settled at