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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL OPTIONS
Second month Brent option skew shifts back in favour of the puts as optimism over an easing of Chinese covid policy has reduced.
- The Brent second month 25 delta skew has seen calls as much as 2.3% over puts in the first week of November on the potential upside risk of higher Chinese oil demand. The skew has now fallen back in favour of the puts with the call-put spread down to -1.5%. The WTI second month spread has seen a similar move back to -2% today.
- The Brent Dec23 spread has continue to pull back from around -6% at the start of November back to -8%.
- Implied ATM volatility remains largely unchanged with Brent front month at 48.7% and WTI at 46.2%.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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