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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
- A total of 518mbbls of open May24 Brent options positions are currently due to expire on Monday 25 March against the futures close at 19:30BST. Open interest is 274k calls contracts and 244k for puts.
- The aggregate open interest across all ICE Brent options has been gradually increasing this year with puts the highest since October at 1.35m contracts and calls at 1.73m contracts.
- The biggest nearby open exposure is just below the current market price at $85/bbl with nearly 12k calls and 6.4k puts. Key open positions above the market price are 7.5k of calls at the $86/bbl strike and 9.3k at $87/bbl.
- Below is a chart showing front month Brent open interest by strike (Brent $85.86/bbl):
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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