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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 options put skew remains unchanged this week with implied volatility falling following market price swings last week. Market focus this week is on the global oil demand outlook ahead of the US Fed meeting and upcoming industry reports.
- The Brent crude second month 25 delta call-put skew is today at -2.2% and WTI second month skew around -2.7%.
- The Dec24 call-put skews are also unchanged with Brent at -2.55% and WTI at -3.6%.
- WTI at the money implied volatility has eased back towards the lowest since 2019. WTI second month volatility is down to 23.8% from 26.8% at the start of June while Brent is down to 22.6%.
- Aggregate crude traded volumes have eased down from high levels early last week. Brent futures volumes were yesterday at 0.99m and options at 113k while WTI futures were 0.85m and options were 157k.
- Brent AUG 24 down 0.4% at 81.3$/bbl
- WTI JUL 24 down 0.5% at 77.38$/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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