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ICE Brent November Option Expiry – Tues 26 Sept

OIL OPTIONS
  • A total of 473mbbls of current open Nov23 Brent options positions are due to expire against the futures close tomorrow. Current open interest is 230k for calls contracts and 243k for puts.
  • The aggregate open interest across all ICE Brent options is 1.547m of calls and 1.311m of puts contracts.
  • Current positions show significant open call exposures currently at 95$/bbl and open call and put positions below the market at 91$/bbl and 90$/bbl.
  • Below is a chart showing front month Brent open interest by strike (Brent 93.42$/bbl):


Source: MNI / Bloomberg

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