Economics
Options Traders Raise Bets on $77.50 U.S. Oil by December
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Trading in options contracts shows a 25 percent chance that West Texas Intermediate crude futures will settle below $77.50 a barrel in mid-December, up from 3 percent at the end of September.
Implied volatility for January WTI options at that level shows a 25 delta, indicating a 25 percent chance that a $77.50 put contract will be in the money at the Dec. 16 expiration. January WTI futures fell $5.03 since Sept. 30 to $84.73 a barrel today on the New York Mercantile Exchange. November contracts, which are nearest to expiration, settled at $85.82.