Oil Traders Race for Cover as Light at End of Tunnel Dims
Where's the Bottom for Oil Prices?
This article is for subscribers only.
What a difference a few days make.
Investors are willing to pay the most since mid-July to protect from a drop in U.S. crude prices by the end of the year, according to a measure of options values. That’s a reversal from Aug. 20, when the premium for puts over calls was the smallest in nine months. Puts give holders the right to sell futures at a certain price within a period, allowing them to potentially profit from a decline.