Oil’s $10 Plunge on Demand Worries Sends Options Into a Tailspin
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For much of this year, selling oil volatility has been one of the market’s most profitable trades. That ended abruptly this week.
Crude volatility surged higher on Wednesday as worries about the outlook for global economic growth and the potential impact on consumption dragged futures prices lower, sparking a flurry of options trading, according to traders and brokers involved in the market.