Options market reflects Opec uncertainty

Crude oil remains range-bound ahead of the Opec meeting this Friday. Although the consensus is pointing towards a 'no change in strategy' the options market has nevertheless seen increased activity. Speculative traders have been buying calls to protect a record short futures positions while others use options as an alternative way to express a view ahead of the meeting.

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/options-market-reflects-opec-uncertainty-6663900?utm_medium=tf4-feed&utm_source=extract