Media in a panic, after meeting with the statistics of the New York Stock Exchange on open interest of investors in oil derivatives, in particular talking about options.
The fact that, according to the stock exchange, market participants are actively expanding Put positions of options with a strike price of $ 30, $ 25, $ 20 and $ 15 per barrel. In fact, the amount of interest increased two raza.Takim, the conclusion is that investors are waiting for further decline in oil prices.
However, in our opinion, the growth of interest in Put options caused by the desire of investors and oil companies to insure the risks of further decline in oil prices - what is called hedging. Do this by means of the purchase option increasingly less likely. But this does not mean that oil prices will certainly fall even lower, or that the entire market is waiting for the fall in prices.