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 second month crude options call-put skew is again turning slightly more bearish despite the recent support to the crude futures market on the improved risk environment as the US Fed is potentially nearing a pause in rate hikes.
- The Brent second month 25 delta call-put skew has edged lower from around -4.7% earlier this week to -5.8% while the futures have held relatively steady during the same period. The WTI skew has also drifted lower from -5.5% yesterday to -6.5% today.
- The Dec23 skews have also declined this week with uncertainty surrounding the rate of recovery in China. Brent is down from -4.5% to -5.4% and WTI down from -5.7% to -6.5%.
- ATM implied volatility has stabilised with Brent around 35% and WTI around 36%.after a surge higher earlier in May.
- Brent JUL 23 up 1.2% at 77.3$/bbl
- WTI JUN 23 up 1.1% at 73.39$/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