In today’s briefing:
- [Iron Options Weekly 2024/31] Small Price Recovery in Iron Ore Following China Stimulus Measures
[Iron Options Weekly 2024/31] Small Price Recovery in Iron Ore Following China Stimulus Measures
- Iron ore prices rose 1.8% last week, maintaining levels above $100/MT due to positive sentiment from potential Chinese stimulus measures.
- The volume put/call ratio for FEF options last week increased to 1.23, reflecting renewed put activity despite positive price action.
- Implied volatility (IV) remained largely flat last week. Despite continued interest in put options, IV skew declined suggesting puts became relatively cheaper.