Oil hasn’t yet climbed again to $100 per barrel, but possibilities traders are progressively setting their sights on one more target—$200. The most actively traded Brent crude selections contract on Thursday was an choice to invest in Brent at $200 in March 2023.
About fifty percent of the contracts to buy oil at that price tag appeared to be placed by just one buyer who invested about $810,000 on the selections, in accordance to Robert Yawger, the director of power futures at Mizuho Securities Usa. But that buyer isn’t the only person generating a wager that oil rates will hit $200, along with other bullish bets on in which oil goes in 2023. “There have been folks dipping their toes into people larger [options strike prices] above the previous pair of days,” Yawger claimed.
Oil hasn’t yet climbed again to $100 per barrel, but possibilities traders are progressively setting their sights on one more target—$200. The most actively traded Brent crude selections contract on Thursday was an choice to invest in Brent at $200 in March 2023.
About fifty percent of the contracts to buy oil at that price tag appeared to be placed by just one buyer who invested about $810,000 on the selections, in accordance to Robert Yawger, the director of power futures at Mizuho Securities Usa. But that buyer isn’t the only person generating a wager that oil rates will hit $200, along with other bullish bets on in which oil goes in 2023. “There have been folks dipping their toes into people larger [options strike prices] above the previous pair of days,” Yawger claimed.
