Energy Action: NYMEX crude showed little reaction Energy Action: NYMEX crude showed little reaction to the Baker-Hughes U.S.rig count report, which revealed a 24 rig decline to 679, and down 879 from a year ago. The contract found a floor at $58.30, and is now trading at $58.65.
Euro$ interest rate options: bearish positioning Euro$ interest rate options: bearish positioning has been the rule here today too on the short-dated rate contracts, with sources confirming a sale of 20k in September 96/97/98 call butterflies and a buyer of 10k in Short June 98.875 put/99.125 call strangles. Also, in underlying futures trade there was a sale of 20k in March 2016s from 99.20-99.19. December 2015s are still 2-ticks lower near 99.37, while the deferreds are 2-8 ticks lower out the curve.