The EIA’s monthly Short Term Energy Outlook is always worth checking out for updates on supply/demand and balances in energy… This month the EIA even got into put/call ratios of RBOB options… Amazing! Here is the EIA:
”The average monthly put-call ratio for all RBOB contracts from 2015 to 2019 was 0.53, meaning market participants held almost twice as many calls as puts. After eight consecutive months of ratios that were lower than the average, the ratio increased to higher than the average in July 2020 and has increased since. In September 2020, the ratio increased to 1.20, the first time since January 2018 that the ratio was higher than 1.0 and the highest ratio since April 2012. In October, the ratio increased further to a 10-year record of 1.49. Although overall open interest for both put options and call options are down in 2020, put option open interest has generally increased since May 2020, whereas call options have generally decreased during the same period (Figure 6).”
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