Crude bulls, you might need this (hands over moist towelette).
Download This Week in Futures Options 24: A Moist Towelette for Crude Bulls
Topics this week include:
- Gold
- WTI
- Soybeans
Futures Options Feedback: Listener questions and comments
- Tweet from SellPuts – Is #Gold-pocalypse going to continue? Yes, particularly if the dollar index keeps moving towards 98 and above.
- Comment from Ben Green – OI Heat Maps: One of the best I’ve seen for visualization of open interest. Thank you!
- Question from TCal – I am a somewhat new oil options trader primarily in WTI. Over the last few months I have noticed that the majority of volume trades in the front month. This is particularly true in active weeks such as during the OPEC meeting. I have had success buying weekly options going into these events. But in these same active periods I have not seen the surge of activity in the weekly WTI that I expected. This is surprising given the similar interest in weeklies in most other option products. Is this a function of the large institutional presence in WTI options? Perhaps there is a nuance of the product that I am missing that is not conducive to weeklies? I would appreciate your insight into this. Thank you for producing so much great free programming on your network.
You can find all the cool reports Nick talks about on?www.cme.com/twio.