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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 crude call-put skew is stable today with the put volatilities holding a premium over call volatilities as futures edge up following the recovery late last week. The market continues to assess the future global oil demand growth amid recession fears and central bank rate hikes. On the supply side robust Russian output despite production cuts is also adding to the bearish pressure.
- The Brent second month crude 25 delta call-put skew is today holding around -7.5%. compared to a low of -10.26% on 20 Mar but between 6% and 7% for much of last week. The second month 25 delta WTI skew is at -9.0%.
- The Dec23 skew continues to drift lower with Brent down to -6.2% and WTI to 7.3% as global demand concerns and resilient Russian output take over from Chinese demand optimism.
- Second month Brent implied volatility is down from 47.8% on 17 March to 42.0% and WTI at 45.2%.
- Brent MAY 23 up 1.1% at 75.78$/bbl
- WTI MAY 23 up 1.1% at 70.03$/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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