The Morning WTI Numbers; Costless Collars, The Curve, Pivots, and Vol
Warning; these numbers are constantly in flux obviously and may not represent the current market, not to mention I heard it thru the grapevine.
Time roughly 8:30 am.
Mar23-Dec23 65.00 p/86.50c Swap ref 77.35
Cal 24 60.00p/84.00c 71.55
*Mar-Dec23 Cal avg futures trading at a $5.80 premium to Cal 2024.
Jun 77.45 *peak price
*Price curve continues shaped in front-end contango and back-end backwardation.
Local Pivot Points
77.72 resistance 2
74.15 support 2
*Pivot numbers are based on yesterday's trading range of $1.81 plus high, low, close
April 77.50 straddle 5.27 theoretical value.
*Implies 40.55% volatility. Days to exp: 16
All these levels are a snapshot in time on the runway to the market's 9 am opening. These are not trade recommendations.
Long: Short Open Interest Ratio
*For next time
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