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ICE Brent June24 Option Expiry – Thursday 25 April 2024

OIL OPTIONS
  • A total of 905mbbls of open June24 Brent options positions are currently due to expire on Thursday 25 April 2024 against the futures close at 19:30BST. Open interest is 505k calls contracts and 400k for puts.
  • The aggregate open interest across all ICE Brent options has risen sharply in the last month with open interest the highest since April 2020 at 1.998m contracts and puts up at 1.496m contracts.
  • The biggest nearby open exposure is around the current market price at the $88/bbl stike with nearly 8k calls and nearly 6k of puts. Key open positions sits either side of the current market at the $85/bbl and $90/bbl strike prices.
  • Below is a chart showing front month Brent open interest by strike (Brent $88.19/bbl):


Source: MNI / Bloomberg

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