Call options are in high demand! With oil prices just reaching 80 USD, bulls are already envisioning it breaking 100.
1. Despite the global benchmark Brent crude oil just breaking through the $80 mark, many options traders have already begun to prepare for oil prices to "break 100"; 2. According to FactSet data, with oil prices soaring about 9% last week, traders in the oil options market have shown record interest in betting on call options for oil prices to rise to $100 per barrel.
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Crude oil analysis at noon: oil prices are rising, market focuses on china's new stimulus direction...
In the early Asian trading session, Brent crude oil futures prices experienced a slight retreat after breaking through $80 per barrel on the previous trading day, with the market closely watching whether China will further introduce stimulus policies.
Middle East situation causes concern! Crude oil rises more than 3% to return to $80, just achieving the largest increase in a year and a half last week.
After last week's largest weekly increase since March 2023, international oil prices rose more than 3% on Monday amidst the gunfire. Investors are closely watching Israel's next steps and Iran's reaction to it.
The Middle East conflict combined with the hurricane approaching, Brent oil rose above $80 for the first time in a month, while WTI crude oil surged over 4% at one point.
Over the weekend until Monday, Israel was successively attacked by missiles from Lebanon and Hamas. Hurricane Milton rapidly escalated to a category 5 hurricane in the Gulf of Mexico on Monday, threatening local fuel supply. The meteorological department warned that the Tampa area in Florida will face the most severe storm in over a century.
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