Free Trial
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
OIL OPTIONS – The near term call-put skew is the most bearish since December ahead of the Brent Apr options expiry today. The move comes as futures continue to hold within a $3/bbl range with front month recovering small earlier losses back to positive territory on the day.
- The Brent crude second month 25 delta call-put skew is today around -3.5% and the WTI second month skew is at -4.1%.
- The Dec24 skews are holding steady Brent with the call-put skew at -4.7% while the WTI Dec24 skew is -5.65%.
- Implied volatility continues remains near the lowest since Sep 2023 amid offsetting risks from Middle East tensions, OPEC+ production cuts and global demand uncertainty. Brent second month implied vol is today around 27.1% and WTI at 28.7%.
- Brnet crude time spreads are also softer on the day to reverse gains from last week but have still seen net gains during February.
- Brent APR 24 up 0.3% at 81.9$/bbl
- WTI APR 24 up 0.6% at 76.94$/bbl
- Brent APR 24-MAY 24 down -0.11$/bbl at 0.71$/bbl
- Brent MAY 24-JUN 24 down -0.04$/bbl at 0.51$/bbl
- Brent JUN 24-DEC 24 down -0.02$/bbl at 2.98$/bbl
- WTI APR 24-MAY 24 down -0.01$/bbl at 0.4$/bbl
- WTI JUN 24-DEC 24 up 0.04$/bbl at 3.11$/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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok