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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    This is why oil traders are betting on it rising to $100

    Rocky
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    • Post n°1

    This is why oil traders are betting on it rising to $100 Empty This is why oil traders are betting on it rising to $100

    Post by Rocky Today at 4:57 am

    This is why oil traders are betting on it rising to $100

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    Economy News - Follow-up
    [rtl]A wave of crude oil options that could be triggered if prices rise to $100 a barrel were traded on Wednesday, a sign that some traders are looking to hedge against the risk of supply disruptions in the Middle East.[/rtl]
    [rtl]At 11:20 a.m. in New York, about 27 million barrels of Brent crude were trading at $100 for December options, while more than 7 million barrels of U.S. crude were trading at $100 for December options.[/rtl]
    [rtl]Market participants said the flows were likely a mix of buying and selling. While some traders were trying to hedge against a short-term surge in oil prices, others had sold call options in recent weeks and had to cover those positions.[/rtl]
    [rtl]“I think of $100 call options as insurance policies for people who are hoping their insurance policy is going to be worthless,” said Scott Shelton, an energy specialist at TPICAP Group Plc.[/rtl]
    [rtl]“I still think there is potential for a significant loss of production, but when it comes to geopolitics, it is always difficult to predict,” he added, noting that the fundamental balance between supply and demand remains weak overall.[/rtl]
    [rtl]Brent crude on Tuesday posted its biggest daily swing since March last year as Iran launched a missile attack on Israel and Tel Aviv vowed to retaliate, a move that rippled through an oil market that had seen heavy selling in previous weeks.[/rtl]
    [rtl]The increased interest in options contracts, which bet on rising prices, has led to their value soaring. For example, options contracts on West Texas Intermediate and Brent crude oil have hit $100, the highest level since mid-August.[/rtl]
    [rtl]However, traders warn that this bullish trend in options may be driven by a market that is certain to face an oversupply in the coming months, with unstable demand growth and increased production from OPEC+ members and other producers.[/rtl]
    [rtl]While some contracts were traded directly, others were spreads that involved simultaneously buying $100 options and selling related contracts, such as $120 options, limiting the ultimate profit from the upside.[/rtl]


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