This from the Houston Chronicle: “The largest drop in oil demand in history is underway due to the coronavirus outbreak, even worse than that
Out of the money puts trade…
The top option strikes ranked by volume in yesterday’s trading were the June 29 and 34 puts, trading almost 13,000 times each, open interest rose
US oil production grew 11% in 2019… EIA
Here are a couple of the charts from the EIA on US oil production:
Options update…
Similar pattern in yesterday’s trading as in the last few days... That is, above average volume, more puts trading but open interest climbing more on
Tracking the virus… WHO, Johns Hopkins
WHO and Johns Hopkins update a dashboard daily... This is from Johns Hopkins: And from the World Health Organization:
WTI options update….
First, here is a look at April crude along with implied vol from Barchart.com... Note that front month vol has blown up to 47%... May options settled
Yesterday’s WTI options action…
Volume in WTI options (LO) (which doesn’t include weekly expirations) yesterday was around 200,000... Open interest in calls increased more than
Some good news… WSJ
From the Wall Street Journal’s The Daily Shot, here...
PredictIt update..
Here is betting market PredictIt’s look at the Democratic primaries: