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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 crude option put skew has turned more bearish today with demand concerns in focus as the futures continue to trend lower since the OPEC meeting on 4 June.
- Brent second month 25 delta call-put skew is down from around -4.25% for much of last week up to -4.9% while the WTI second month call-put skew is down from -4.5% to -4.8%.
- The longer dated skews remain relatively unchanged with the Brent Dec23 call-put skew at -4.8% and WTI to -5.8%.
- Second month ATM implied volatility has edged higher after falling to the lowest since April on Friday. Brent is currently at 34.5% and WTI at 35.7%.
- Brent AUG 23 down -1.8% at 73.43$/bbl
- WTI JUL 23 down -2.2% at 68.65$/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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