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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
The near-term crude option put skew is turning less bearish as futures have recovered higher in the past couple of days.
- The second month Brent call put skew reached a low of -5.1% on 28 June but has since bounced back up to the least bearish since early March at -3.9%. The WTI second month 25 delta call-put skew is also ending the week on a stronger note up from -5.75% to around -4.5% in the same period.
- The increasing trend in the crude Dec23 skews has continued this week with Brent closing in from a low of -6.4 in mid April to around -4.1% today. The WTI Dec23 skew has closed from -7.6% to -5.3% today.
- With front month Brent bouncing in a range between around 71.6$/bbl and 75.1$/bbl this week, the ATM implied volatility has fallen back to 33.1% and WTI is at 34.7% today.
- Brent SEP 23 up 0% at 74.52$/bbl
- WTI AUG 23 down -0.1% at 69.81$/bbl
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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