OIL OPTIONS-Up at $65-$70 call, down at $50-$70 puts

Fri Jul 10, 2009 11:44pm BST
 
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================================================================             CALLS                          PUTS
STRIKE  OPEN INTEREST  PRICE   STRIKE  OPEN INTEREST   PRICE
  $45            2    $14.89     $45       14,994      $0.01
  $50          645    $ 9.91     $50       16,340      $0.02
  $55        6,780    $ 5.13     $55       15,499      $0.24
  $60        8,944     $1.45     $60       16,445      $1.55
  $65        7,029     $0.18     $65        9,985      $5.26
  $70       11,949     $0.03     $70        4,571     $10.11
  $75        9,560     $0.01     $75           12     $15.11
  $80        6,738     $0.01     $80           21     $20.11
  $85        4,174     $0.01     $85            0      $0.00
              UNDERLYING FUTURES CONTRACT
August WTI futures CLQ9 $59.89; open interest: 178,807
(Settlement price for July 10, open interest as of July 9)
==============================================================
 NEW YORK, July 10 (Reuters) - Open interest positions rose
at the $65 and $70 August call crude oil options, while
positions in the $50 to $70 put options were reduced,
according to Reuters data on Friday.
 Open interest at the August $65 call option stood at
$7,029, up from 3,324 from Wednesday, July 2, before the
markets closed on July 3 to mark the U.S. Independence Day the
following day. Open interest was at 11,949 at the $70 call, up
from 8,269 Wednesday of the previous week.
 Open interest at the $50 put option was at 16,340, down
from 16,407 from Wednesday the week before. Open interest
dropped in the $55, $60, $65 put options, and at $70 was down
at 4,571, from 4,637 on Wednesday of the previous week.
 Open interest in the $75 to $80 puts were also down.
 As of Thursday, the most recent data available, open
interest in August put options stood at 190,038, down from
191,520 last Wednesday. Open interest in August call options
stood at 156,174, up from 144,294 from last Wednesday.
<NYMNRGOPT/VOI>
  On the New York Mercantile Exchange, crude for August
delivery CLQ9 settled 52 cents, or 0.86 percent, lower at
$59.89 a barrel on Friday, after trading from $58.72 to $60.89.
It was the lowest settlement since May 19's $59.65.
 Prices settled 10.25 percent lower on the week, marking the
biggest percentage drop for a week since prices ended down
10.31 percent in the week to Jan. 30.
 Traders and analysts attributed the losses to oil demand
amid bloated product inventories, and economic worries.
 Prices have slumped from the June 30 session high of
$73.38, the highest price for front-month crude oil  since Oct.
21, 2008, when crude hit $75.69.
 NYMEX August crude options expire on July 16 and the August
crude contract expires on July 21.
 For full reports on NYMEX oil futures trading click on
[O/N] or [O/R].
 (Reporting by Gene Ramos; Editing by Christian Wiessner)






 

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