The return of $ 100 oil has become the biggest bet in the oil options market.
The price of the options for future purchase in December 2011 at $ 100 per barrel jumped 14 percent on 24 November, the biggest daily gain in three months. called open interest for the contract has risen 51 percent this year to 45,424 lots, the highest for any choice of crude on the New York Mercantile Exchange.
The increase in options trading of $ 100 oil shows some investors anticipate will increase by at least 19 percent to the levels reached in 2008. While crude oil is up 6.3 percent this year, the economy recovers, Morgan Stanley, said prices of November 1...