Oil Options Traders Ain’t Buying It – Bearish Bets Biggest In A Year

Jon Alternative Media, Blogosphere, Energy, Market Commentary

Despite Andy Hall’s wish hope forecast guess statement that “the bottom is in,” for crude (and oil analysts unicorn-like forecast of $47 by year-end), it seems oil options traders disagree significantly.
The cost of protect against downside risk is the highest it has been in a year, despite underlying oil prices being at 8-week highs.

This post was published at Zero Hedge on 03/02/2016.