Oil has not nevertheless climbed back to $100 for each barrel, but options traders are significantly location their sights on an additional target—$200. The most actively traded
Brent crude
selections agreement on Thursday was an option to buy Brent at $200 in March 2023.
About fifty percent of the contracts to get oil at that price tag appeared to be positioned by 1 consumer who invested about $810,000 on the alternatives, in accordance to Robert Yawger, the director of vitality futures at Mizuho Securities United states. But that buyer is not the only human being producing a bet that oil selling prices will hit $200, together with other bullish bets on where oil goes in 2023. “There have been persons dipping their toes into people better [options strike prices] above the previous couple of times,” Yawger stated.
Oil has not nevertheless climbed back to $100 for each barrel, but options traders are significantly location their sights on an additional target—$200. The most actively traded
Brent crude
selections agreement on Thursday was an option to buy Brent at $200 in March 2023.
About fifty percent of the contracts to get oil at that price tag appeared to be positioned by 1 consumer who invested about $810,000 on the alternatives, in accordance to Robert Yawger, the director of vitality futures at Mizuho Securities United states. But that buyer is not the only human being producing a bet that oil selling prices will hit $200, together with other bullish bets on where oil goes in 2023. “There have been persons dipping their toes into people better [options strike prices] above the previous couple of times,” Yawger stated.
