Crude Oil Option Chain: Snapshot & Sentiment
Crude Oil Option Chain: Snapshot & Sentiment
Blog Article
Market Overview (MCX crude ~₹5,720)
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The latest crude oil option chain shows the underlying trading in the ₹5,715–₹5,818 intraday range; the spot price is around ₹5,720 with a slight dip today reddit.com+2reddit.com+2reddit.com+2justticks.in+2upstox.com+2reddit.com+2.
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Instruments include Calls, Puts, and spreads—platforms often display Greeks (Delta, Gamma, Theta, Vega), open interest (OI), and implied volatility (IV) for all strikes reddit.com.
Key Analytics
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Put–Call Ratio (PCR): Tracking PCR helps gauge sentiment—values >1.5 hint at bearish bias, while <0.5 lean bullish
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Implied Volatility: IV skew across strikes reveals where traders expect bigger moves; spikes may suggest opportunity for premium sellers
Trader Sentiment
Reddit traders share mixed views: one noted crude's RSI is weak and testing support, warning a breakdown might be imminent:
“Crude oil is testing a key support level… a drop below this critical support could trigger a sharp decline” reddit.com.
Another day-trader detailed an intraday option strategy on WTI, drawing attention to key price levels and IV:
“CL is currently trading just below 69.00, a critical area… Above 69.25 we could see an extension toward 70.20; below 68.30 momentum could drive price action toward 67.10” reddit.com.
Takeaway: The option chain reflects a cautiously neutral-to-bearish market, with technical traders eyeing next moves around key support/resistance. High IV environments offer attractive premiums for income-oriented strategies—but risk is real if crude breaks down.
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