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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 put skew at the front of the curve is at the most bearish since Feb 2022.
- The WTI second month 25 delta put skew is 6.2% over the 25 delta call skew having average near 4% during June and July.
- The WTI Dec22 put skew is also still falling and now as wide as 5.95%. The spread was briefly wider at 7.18% as the start of July but otherwise is the most bearish since before the invasion of Ukraine.
- Recent swings in the flat price futures have pushed the ATM implied volatilities back up. WTI Sep vol is up from 41% to over 60% since mid last week and ahead front month option expiry on Aug 17.
Source: MNI / 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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