According to the latest data from the Intercontinental Exchange, the trading volume of Brent crude oil put options was about 764,000 on Tuesday, setting a record. On the same day, more than 110,000 shares were traded with a bearish spread of $70/69 in December, a bearish spread of $93/92 in November, and 38,500 shares with a bearish spread of $70/69 in February. Together, the three types of transactions accounted for more than half of the total volume of the day. Industry insiders said that a large number of transactions focus on narrow bearish spreads, and such transactions are sometimes used to hedge OTC binary options, so this does not mean that all transactions represent simply directional shorting. However, judging from the market transaction structure, capital is clearly reducing previous bets on a further rise in oil prices. Behind the rise in trading in the options market are simultaneous changes in crude oil fundamentals and geographical risk premiums.

According to the latest data from the Intercontinental Exchange, the trading volume of Brent crude oil put options was about 764,000 on Tuesday, setting a record. On the same day, more than 110,000 shares were traded with a bearish spread of $70/69 in December, a bearish spread of $93/92 in November, and 38,500 shares with a bearish spread of $70/69 in February. Together, the three types of transactions accounted for more than half of the total volume of the day. Industry insiders said that a large number of transactions focus on narrow bearish spreads, and such transactions are sometimes used to hedge OTC binary options, so this does not mean that all transactions represent simply directional shorting. However, judging from the market transaction structure, capital is clearly reducing previous bets on a further rise in oil prices. Behind the rise in trading in the options market are simultaneous changes in crude oil fundamentals and geographical risk premiums.