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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 near term crude option put skew has turned slightly more bearish even as crude futures rally today.
- Brent second month 25 delta call-put skew is down from a high of -3.38% on 5 June to -4.9% while the WTI second month call-put skew is down from -4.47% to -5.2%.
- The longer dated skews are however edging slightly higher with the Brent Dec23 call-put skew up to -4.68% and WTI to -5.61% today.
- Second month ATM implied volatility has drifted lower with demand concerns in US and China balanced against tighter supplies in the second half of this year. Brent is currently at 33.2% and WTI at 34.8%.
- Brent AUG 23 up 1.4% at 74.23$/bbl
- WTI JUL 23 up 1.5% at 69.29$/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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