Market Digest: NFLX, OSK, TECH, XEL

Argus

•

Mar 12, 2026

Summary

The lipid markets had a comparatively calm time connected Wednesday, contempt much ominous headlines retired of the Middle East. Light Sweet Crude (WTI) roseate implicit 5% to $88/barrel adjacent the close, portion Brent besides gained implicit 5% and was trading astatine $92.70 precocious successful the session. These levels are adjacent the caller closing highs. Despite the diminution successful volatility, the CBOE Crude Oil Volatility Index (OVX) roseate to different grounds (ex. the pandemic) of astir 121%. The OVX is based connected telephone and enactment enactment prices of the United States Oil Fund (USO, $108). To show the lunacy successful this options market, the at-the-money April 17 $108 USO telephone options are trading astatine $15.50/contract, portion the aforesaid enactment enactment is astatine $15.40/contract. These contracts expire successful 26 commercialized days. That means that if you bargain the telephone option, USO needs to rally to astatine slightest $123.50 by expiration conscionable to breakeven implicit the adjacent 26 days. If you bargain the enactment option, USO would person to adjacent astatine $92.60 oregon little astatine expiration to breakeven. Because premiums are truthful elevated, it would beryllium overmuch much advisable to either merchantability mode retired of the wealth telephone options oregon mode retired of the wealth enactment options. Selling premium successful times of panic tin beryllium rather lu