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    Home > Chemicals Industry > China Chemical > Crude oil options run "full moon"

    Crude oil options run "full moon"

    • Last Update: 2021-07-28
    • Source: Internet
    • Author: User
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    Steady expansion of scale and initial appearance of functions

    Steady expansion of scale and initial appearance of functions

    Sinochem News News As of July 21, crude oil options were officially listed on the Shanghai International Energy Exchange (hereinafter referred to as the previous energy) for one month
    .


    On the whole, the market is operating smoothly, with domestic and foreign investors actively participating, the scale of transaction holdings has steadily expanded, and market functions have initially emerged


    According to the data provided by energy in the previous period, as of the close of July 20, crude oil options had been in operation for 22 trading days, with a cumulative trading volume of 160,600 lots and a cumulative trading volume of 1.
    539 billion yuan
    .


    Among them, the average daily trading volume of crude oil options accounted for 4.


    The energy-related person in charge of the previous issue said that at present, the crude oil options market has received more and more attention from all parties.
    The domestic legal customers involved in the transaction include East China Petroleum International Business Co.
    , Ltd.
    , Shantou Bo Petrochemical Co.
    , Ltd.
    , etc.
    , and overseas legal customers include PetroChina international business (Hong Kong) Limited, Singapore, Trafigura Ltd.
    , Mercuria energy trading Co.
    , Ltd.
    and so on
    .

      Liang Yi, general manager of the Futures Department of Sinochem Petroleum Co.
    , Ltd.
    , introduced the operation of crude oil options in the first month
    .


    In the past one month of operation, the pricing of crude oil options is closely related to the price of the underlying crude oil futures.


      Duan Mengran, a trader at CITIC China Securities Capital Management Co.
    , Ltd.
    , said that crude oil options are traded at reasonable prices, and option holdings have steadily increased.
    They have exceeded the unilateral holding level of more than 10,000 lots; from the perspective of trading volume, crude oil options have the highest single-day turnover.
    18,000 lots, with good liquidity
    .


    With the increase in trading positions, the functions of crude oil options can be further brought into play


      The smooth operation of crude oil options is inseparable from the quotation services provided by market makers for the market
    .


    It is understood that a total of 10 market makers for crude oil options actively participated in market making in the first month, which facilitated the narrowing of market spreads and ensured the provision of liquidity


      With the efforts of market makers, the option spreads have gradually narrowed, and the spread of the average option contract has gradually reduced from about 0.
    5 yuan when it was first listed to the current 0.
    2-0.
    3 yuan.
    For market participants, the cost of participating in the market has decreased.

    .


    The volume of market-wide options has increased by about 40% compared to the first week of listing


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