Metal Options Update – May 2021

  • 12 May 2021
  • By CME Group

Copper options trading at an all-time high

Copper has become a strong indicator of global economic recovery as infrastructure spending and consumption rises. The marketplace is now expressing views through options more frequently, and the trading of options spreads has been on the rise. 

Year-to-date highlights

  • Copper options are trading at an all-time high, and ADV year-to-date is 2900 ‒ up 70% YoY.
  • Open interest is over 50K contracts
  • As Copper is trading at an all-time high, bid/ask spreads are under one vol wide.
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