A total of 1,300 $ 200 Brent call options for December 2022 were traded on stock exchanges today, according to a Bloomberg report – a contract from which the buyer would benefit significantly if level would rise close to the course at maturity. Although the contracts will only expire in October next year, investors speculating on a rate hike could benefit from a sudden price explosion this winter or next summer .
In a market where a single shipment of crude oil is currently worth about $ 160 million, a “bet” of only $ 130,000 (a contract is worth $ 100) that oil can reach this seemingly high rate is very small. . At the same time, it reflects the fact that more and more options traders are accepting that prices could rise higher due to this year’s winter energy crisis.
Brent, for example, reached $ 80 for the first time in three years this week,
The course has already risen 53.5 percent this year.
Investors watching the market more closely may know that demand exceeds supply by more than one million barrels per day and many expect that due to high electricity prices, a shift from gas to oil may exacerbate this deficit. Bank of America reaffirmed an earlier forecast this week that crude oil could exceed $ 100 a barrel during the winter if the season is exceptionally cold. In addition, Morgan Stanley also warned that they thought
oil has already become so expensive that demand may collapse.
In recent days, by the way, not only the $ 200 options were traded – the stock of $ 100 call options until the end of next year increased by 20,000 contracts this month .
Cover Image: Dominic Lipinski / PA Images via Getty Images
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