Traders Are Now Betting On $200 Oil By The End Of The Month
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When some options traders bet in September 2021 that oil could reach $200 a barrel oil by the end of this year, those headlines were mostly in the “oddly enough” category. Now that prices hit $130 early on Monday, $200 oil by the end of March is not so unthinkable, as even major investment banks predict that a Russian oil ban would easily send prices to $150 and possibly to $200. And now options traders have significantly increased bets that oil could hit $200 as early as this month. Traders would profit from those call…
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