The CME’s Option Settlement Tool shows June implied vol settling at 216.3, +96!!! 224,518 puts traded to 82,821 calls... This is what happens when
May CL open interest drops..
Going into the last day of trading, May CL crude open interest is at 15,702, -92,891... This is based on the CME’s Daily Bulletin,
Long term oil chart all messed up…
Here is a long term chart of WTI oil including today’s record low, sharply minus price:
May/June Calendar Spread Options go off today…
Here is a snapshot from the CME’s Daily Bulletin showing the open interest in May/June spread options which expire today... 63,550 options will likely
Kemp on storage… Reuters
John Kemp, Reuters has a nice piece (including a chart book) on the oil storage situation in the US, here...
Berkshire’s Charlie Munger is interviewed by the WSJ…
Jason Zweig, WSJ, interviews Charlie Munger, and, of course, it’s excellent... ”“Well, I would say basically we’re like the captain of a ship when