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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
WTI second month option skew is the most bearish since early September as economic driven demand concerns drag down crude futures and time spreads.
- WTI front month yesterday fell to the lowest since the start of October and the prompt WTI time spread has fallen from around 1.3$/bbl in late October down to just above flat at 0.16$/bbl.
- The WTI second month 25 delta skew has gradually fallen from a +1.5% skew to the call at the start of the month down to the current skew to the puts of around -3.4%.
- Brent is following a similar trend with the put skew down to -2.6% and the prompt time spread down to 0.82$/bbl from around 1.9$/bbl at the start of the month.
- ATM implied volatility at the front of the curve is holding between about 47.5% and 49%.
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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