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Besides a large trader rolling his puts into Nymex crude oil futures options into September expiry, nothing big in the options market yesterday, with roughly equal call and put options volumes (perhaps why the crude oil price crush faded) Nevertheless, the upcoming options expiry remains skewed on puts and that might weight on the price unless a new catalyst is strong enough to drive the price higher sending more puts OTM / more calls ITM and cause market makers delta hedging rebalancing that can support the upward move

Published Aug 12, 2026Updated Aug 12, 20262 min read
Besides a large trader rolling his puts into Nymex crude oil futures options into September expiry, nothing big in the options market yesterday, with roughly equal call and put options volumes (perhaps why the crude oil price crush faded) Nevertheless, the upcoming options expiry remains skewed on puts and that might weight on the price unless a new catalyst is strong enough to drive the price higher sending more puts OTM / more calls ITM and cause market makers delta hedging rebalancing that can support the upward move
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