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ICE Brent Option Expiry – Tuesday 28 Mar

OIL OPTIONS

ICE Brent Option Expiry – Tuesday 28 March 2023 at 19:30GMT close

  • A total of 434mbbls of open May23 options positions are currently due to expire on Tuesday 28 March. Current open interest is 265k for calls and 169k for puts.
  • The aggregate open interest across all ICE Brent options is 1.923m calls and 1.191m puts contracts.
  • The biggest nearby strike of note is just below the current market price at 75$/bbl with slightly smaller volumes sitting at 77$/bbl and 78$/bbl..
  • Below is a chart showing front month Brent open interest by strike (Brent 75.46$/bbl):


Source: MNI / Bloomberg

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