Free Trial
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 option put skew is turning less bearish this month as OPEC supply cuts and potential China stimulus combine to boost futures prices.
- The second month Brent 25 delta call put skew has narrowed in the last couple of weeks after holding steady in early July. The put premium is the lowest since early March with the Brent call-put spread up to -2.4% from around -4.0% earlier this month. The WTI second month skew is also edging higher up to -3.6% today.
- The Dec23 call-put skews are also trending higher to extend a steady rise since April. The Brent Dec23 skew is today up to -3.45% and WTI at -4.3%.
- The ATM implied volatility has edged slightly higher from lows seen on Friday with Brent second month volatility back up to 30.2% and WTI up to 31.5% today.
- Brent SEP 23 up 0.6% at 81.59$/bbl
- WTI SEP 23 up 0.7% at 77.61$/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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok