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Brent Crude Put Spread Trade Hits 134,000 Contracts on May 19, Likely OTC Hedge

GateNews

2026-05-19 17:17:49

According to Bloomberg data, on May 19 during early U.S. trading, Brent crude oil market saw a massive single block trade in July-expiring put spread options with a strike range of 91/90 U.S. dollars, totaling 134,000 contracts, or equivalent to 134 million barrels of underlying crude.

Market analysts noted that extremely narrow strike spreads are typically used by institutions as hedging tools for over-the-counter binary options positions.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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