Trading in WTI options had a bullish look yesterday with almost twice as many calls than puts trading, 61,532 to 33,229 and also a similar pattern in open interest changes, +19,649 for calls and 5,641 for puts… We can never know the motivation behind the trades and strategies (and, selling a call spread, buying a put could get us to the same place), but add the fact that crude traded lower yesterday and we mildly conclude that bulls were more active than bears…
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