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ICE Brent Jul23 Option Expiry – Thurs 25 May

OIL OPTIONS

ICE Brent Option Expiry – Thursday 25 May 2023 at 19:30GMT close

  • A total of 420mbbls of open Jul23 Brent options positions are currently due to expire on Thursday 25 May. Current open interest is 252k for calls contracts and 168k for puts.
  • The aggregate open interest across all ICE Brent options is 1.673m calls and 1.154m puts contracts.
  • The biggest nearby strike of interest is above the current market with 18k calls and 12.5k of puts at the 80$/bbl strike. Open put contracts totalling 13k currently sit below the current market price at 75$/bbl.
  • Below is a chart showing front month Brent open interest by strike (Brent 77.95$/bbl):


Source: MNI / Bloomberg

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