WTI Most Active Options… CME – Commodity Research Group

March 5, 2021 by Jim Colburn Leave a Comment

Yesterday’s trading activity in WTI options shows three strikes trading over 10,000x… Total volume was close to 250,000 contracts and May 70c, July 40 and 30 puts all traded over 10,000… Open interest change was +48,106 for puts and +23,056 for calls… Implied vol settled -2.37 to 35.5 in April (expires March 17th) and -.62 to 34.5 in May… Looks like a market that was waiting for news from OPEC before putting on positions rather than a market using options pre OPEC to protect against an adverse outcome (we would see more liquidation today)… Here is the CME link…

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.

Reader Interactions

Leave a Reply Cancel reply