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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
The near term Brent crude option put skew has eased back from the most bullish since November on 19 Sep at -0.92%. The decline is in line with the dip in the futures earlier this week having seen a small correction from the two month rally driven by OPEC+ cuts and demand optimism.
- The second month Brent 25 delta call-put skew is back down to levels seen late last week at around -1.7% today. The second month WTI skew has also followed a similar trend down from -1.7% on 19 Sep back to -2.7%.
- The Brent Dec24 25 delta call-put skews has this week recovered to -7.25% from the most bearish since April at a low of around -7.7% last week. The Dec24 WTI skew is up to around -7.6%.
- Crude second month implied volatility continues to edge higher in September with crude up to 28.5% with WTI up to 29.4%. Brent trading volumes have been high this week with aggregate traded futures at around 1.35m lots per day compared to 0.98m in the first half of the month.
- Brent NOV 23 up 0.7% at 93.92$/bbl
- WTI NOV 23 up 0.9% at 90.47$/bbl
Source: 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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