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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
The second month crude options call-put skew is narrowing with the improve risk sentiment and recovering futures prices. Uncertainty surrounds both supply and demand with US recessionary risks balanced with a potential recovery in China on the demand side and OPEC cuts weighed against getter than expected Russian output on the supply side.
- The Brent second month 25 delta call-put skew has closed in to -5.4% from a low of about -8.0% last week. The WTI skew has narrowed from -9.2% to -6.6%.
- The Dec23 skews have also narrowed from lows in late April with Brent up from -6.5% to -5.1% and WTI up from -7.6% to -6.4%.
- ATM implied volatility has fallen back from highs on 4 May bringing Brent second month volatility back to 35.6% and WTI to 37.3%.
- Brent JUL 23 up 1.9% at 76.74$/bbl
- WTI JUN 23 up 2.2% at 72.94$/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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