‘Crazy’ Bets on $200 Oil Invade the Options Market

thecoder

thecoder

https://www.wsj.com/articles/crazy-bets-on-200-oil-invade-the-options-market-11634463002
‘Crazy’ Bets on $200 Oil Invade the Options Market
Traders are wagering U.S. crude’s rally to a seven-year high is just the beginning, despite a softening global economic expansion
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Some traders are betting Brent crude, the global benchmark, will hit a record high of $200 a barrel by December 2022,
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Where can one verify this on the free Internet, ie. is this data avail at YahooFinance etc.? If yes which ticker or link? I couldn't find, but I'm more an equity options guy, with little to no experience with commodities like Oil...
So, TIA.
 
thecoder said:
Thx, but how to interpret and locate the row that supposedly shows the $200 price for the end of 2022 ?
Why is the strike price going up to 22000 ? I unfortunately don't grasp this yet :-(
Would be helpful if you kindly could post a screenshot of the relevant part of that big table, thx.
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You have to add a decimal 2 places to the left of end to get dollar amount. 22000 is $220.00
 
thecoder said:
Thx a lot! Now it somehow makes some sense :)
OMG! What a st'pid convention, in 2021... :)
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Only reason I can think that is in place is so people do not confuse bid/ask prices with strike prices in the table list? *shrugs* I am sure there is a more technically-correct answer out there. Just a guess on my part.
 
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