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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.
OIL OPTIONS
Brent crude put skew is the least bearish since Aug 10 as the possibility of OPEC supply cuts has outweighed weak demand sentiment.
- The Dec22 put skew is 3.35% and for WTI is just slightly higher at 4.12%.
- The Dec23 options continue to show more downside risk with the current put skew for both Dec23 contracts at just over 9%.
- Front month ATM volatility is still around 43% with the term structure showing higher call vols over Q4 22 and Q1 23 and put vols increasing out to Jun23.
- Brent OCT 22 down -1.1% at 98.21$/bbl
- WTI OCT 22 down -1.4% at 91.25$/bbl
- Below shows the 25D put and 25D call term structure for WTI:
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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