Oil Options Trading Surges After Funds Buy Into OPEC's Rebalancing - Bloomberg:
"Options trading for crude oil this week jumped to the highest in five months as money managers backed OPEC’s effort to rebalance the oil market and as regional tensions flared in the Middle East.
Nearly 440,000 options contracts for West Texas Intermediate crude changed hands on Monday, the most since May, as so-called macro funds, which invest in a range of assets, joined a recent surge of money into the oil market.
The global Brent benchmark also saw its heaviest options trading since June, more than 136,000 contracts. In both cases, bullish call volumes vastly outweighed those for bearish puts, data from CME Group’s Nymex exchange and the ICE Futures Europe exchange show."
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