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
The near-term crude option put skew is turning more bearish this week with the risk of further central bank tightening due to persistent inflation adding downside pressure to futures. Front month Brent has this morning bounced off the technical support at 71.5$/bbl but remains down on the week from a high of around 77.2$/bbl on 21 June.
- Brent second month 25 delta call-put skew has fallen from a high of -3.45% on 26 June after the contract change down to around -5%. The WTI second month call-put skew is down from a high of -3.8% on 26 June to around -5.5%.
- The Brent Dec23 skew has steadied in recent days but is holding the trend higher since mid April. Brent is today at -4.5% and WTI is at -5.6% today.
- ATM implied volatility has increased from the lows in mid June up at 35.7% and WTI at 37.5% today.
- Brent AUG 23 up 0.7% at 72.78$/bbl
- WTI AUG 23 up 0.8% at 68.25$/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