Someone Bets Big On $15 Crude As OPEC Forecasts Oil Demand Slumping Until 2020
by Tyler Durden
ZeroHedge.com
12/23/2015
Investors have bought increasing volumes of put options that will pay out if the price of WTI drops to $20 to $30 a barrel next year. The largest open interest across options contracts – both bullish and bearish – for December 2016 is for puts at $30 a barrel. The open interest for June 2016 put options at $25 a barrel has nearly doubled over the last week. Investors have even bought put options that will pay if WTI drops below $15 a barrel by December next year. The volume of financial bets at that level is tiny – 640,000 barrels in total.
The Rest…HERE
