Massive options bet shakes oil market amid Iran tensions
after close1 source ↓written by the desknot a recommendation
- if prices drop
- $129 million
A significant options bet on Brent crude rattled oil traders, with put options for 134 million barrels traded in a single transaction. This move could yield $129 million if prices drop 19% by the May 26 expiration. Traders remain cautious as the US-Iran conflict continues, impacting market sentiment.
Not investment advice. For informational purposes only.