Pre Market WTI Swaps, Costless Collars, the Curve, Pivots, Vol, and the May Cal Avg Ti/Brent
Not trading advice, this is a personal blog expressing an opinion for educational purposes. Read at your own risk.
Swaps Fences costless
Apr23-Dec23 67.14 55p/7950c
Cal 2024 65.05 55p/8250c
June 67.70 *peak price
Local Pivot Points
75.51 resistance 2
61.69 support 2
*Pivot numbers are based on yesterday's trading range of $6.91 plus high, low, close levels.
May $67.50 straddle 8.30 theoretical value. *Implies 51.89% volatility. Days to exp: 32
May Cal Avg WTI/Brent spread (BKK)
All these levels are a snapshot in time on the runway to the market's 9 am opening. These are not trade recommendations.
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