MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI: SWEDEN NOV UNEMPLOYMENT 7.4%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL OPTIONS: Crude Volatility Rises as Put Skew Strengthens

OIL OPTIONS

The crude call-put option spreads have turned more bearish again in the last week to the widest since June 4 with market focus on downside risks ahead of the OPEC JMMC meeting and the US Fed meeting this week.

  • The second month Brent 25 delta call-put skew is today at -3.0% from a small positive skew of 0.26% on July 1. The WTI put skew has moved from +0.24% to -3.2% in the same period.
  • The Brent and WTI Dec24 call-put skews are the most bearish since March with Brent around -3.4% today and WTI falling to a low of to -4.5% yesterday.
  • Brent second month implied volatility is back up to 23.4% ahead while WTI volatility is up to 24.9%.
    • Brent SEP 24 up 0.3% at 81.35$/bbl
    • WTI SEP 24 up 0.5% at 77.52$/bbl
BulletEnergy BulletsCommodities
BulletEnergy BulletsCommodities

To read the full story

Close

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.