In today’s briefing:
- A Tale of Two Markets
- [US Crude Oil Options Weekly 2024/36] WTI Crude Hits 2024 Low as Demand Woes Linger
- [US Nat Gas Options Weekly 2024/36] Henry Hub Up on LNG Exports, Output Cut Offsets Hurricane Impact
A Tale of Two Markets
- TradFi shows resilience, while crypto struggles—BTC is down, and ETH underperforms US Treasuries.
- Powell’s Pivot promises hope, but crypto markets await the real demand catalyst for recovery.
- Despite market weakness, short-term opportunities exist—learn to navigate price action and volume dynamics.
[US Crude Oil Options Weekly 2024/36] WTI Crude Hits 2024 Low as Demand Woes Linger
- WTI futures closed at its 2024 low on 10/Sep, as demand concerns dragged prices down as the supply risk premium dimmed.
- WTI options Put/Call volume ratio fell to 1.09 (10/Sep) from 1.20 the week prior as put volume fell 13.6% WoW while call volume fell by only 4.3%.
- WTI OI PCR was unchanged at 0.77 for the week ending 10/Sep from 04/Sep. Call OI rose 6.8% WoW and put OI picked up by 6.4%.
[US Nat Gas Options Weekly 2024/36] Henry Hub Up on LNG Exports, Output Cut Offsets Hurricane Impact
- US natural gas prices rose 7% for the week ending 06/Sep, boosted by higher cooling demand, rising LNG exports, falling output, and moderate build-up in US natural gas storage.
- Henry Hub Put/Call volume ratio fell to 1.06 (10/Sep) from 1.17 (04/Sep) as put volumes fell by 17.9% WoW, while call volumes declined by 9.6%.
- Put OI increased for expiries on 25/Sep, Oct, and Nov. While call OI picked up for contracts expiring in Dec, Jan, Feb, and Mar.
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