Record option volume in crude oil… – Commodity Research Group

November 14, 2018 by Jim Colburn Leave a Comment

The CME shows a whopping 702,918 WTI crude oil options trading yesterday, which (by my records) breaks the previous record of 579,935 on November 30th, 2016!!! Put volume dominated with 451,251 trading vs. 251,667 calls… December puts were very active which makes sense as these go off today… Open interest increased more in calls (69,512) than in puts (37,436)… And most surprisingly, the most active call was the Dec2020, $100c! Implied vols exploded to 47.7, up from 32.6 (basis atm, Jan)… Here is the CME’s Most Active Strike tool with details:

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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