Pre Market WTI Swaps, Costless Collars, the Curve, Pivots, Vol, CL/CS and the May Cal Avg Ti/Brent

All these levels are a snapshot in time on the runway to the market's 9 am opening. These are not trade recommendations. 

Love to get some feedback on this.

WTI

 

Swaps                                           Fences costless

Apr23-Dec23   67.95       55p/81.50c

Cal 2024           65.95       50p/88.00c

 

Apr CL/ Apr CS  -.24/-21          *CS is WTI cal avg futures                                                                                                                                                                                                                                    g 

 

Price Curve

Apr  68.07

May 68.30  

June 68.44  *peak price

July  67.41

 

Local Pivot Points

April CLJ

70.81 resistance 2

68.57

67.14  Pivot

64.90

63.57 support 2

 

*Pivot numbers are based on yesterday's trading range of $3.67 plus high, low, close levels.

 

Volatility

 

May $68.50 straddle        7.45 theoretical value.            *Implies 46.88% volatility.              Days to exp: 31.25 days

 

 

May Cal Avg WTI/Brent spread   (BKK)

--5.50/-5.43

 

 


This is a personal blog expressing an opinion for educational purposes. Read at your own risk.

 

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