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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
The near term crude call option premium over puts continues to strengthen amid rising tensions in Middle East and concerns for Iranian supply disruption risks. Increased demand optimism following US Fed Chair Jerome Powell comments yesterday suggesting a slightly more positive economic picture are also boosting futures prices.
- The Brent second month 25 delta call-put skew is up to the highest since April 2022 at +6.8% while the second month WTI skew is today up to +5.6% but still below a high of +6.15% from 13 Oct.
- The Dec24 Brent 25 delta call-put skew is the narrowest since Dec 2022 having closed in to -5.6% from -7.4% earlier this month and the Dec24 WTI skew up at -5.65% from -7.7%.
- Brent DEC 23 up 0.8% at 93.15$/bbl
- WTI DEC 23 up 0.8% at 89.07$/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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