Natural Gas Puts Most Expensive Since 2009 Amid Glut: Options
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Natural gas’s 46 percent drop since June has done nothing to awaken bulls in the options market, with puts on a fund tracking the commodity reaching the highest price in more than two years.
Implied volatility for 30-day options to sell the U.S. Natural Gas Fund LP was 4.14 points higher than calls to buy on Feb. 21, according to data compiled by Bloomberg. The relationship known as skew reached 5.41 on Feb. 15, the biggest gap since October 2009.