Reported about 18 hours ago
Traders are heavily investing in $80 West Texas Intermediate (WTI) crude oil call options, anticipating price increases due to heightened tensions following Israeli airstrikes on Iran. With over 33,000 contracts traded, this marks the highest activity for these options in 2023. Oil prices surged by 7% on Friday, reflecting concerns of potential disruptions to Middle Eastern oil exports amidst escalating conflicts.
Source: YAHOO