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Prior Low Month Options Charts Last Change Settle Open High Low Volume Limit Updated No 13:38:56 CT JUN 2020 OPT 22.75 20.46 20.75 23.83 20.35 +2.29 9,404 Limit / 29 Apr 2020 0.01 No 13:41:20 CT JUL 2020 OPT 24.26 +1.52 22.74 22.92 25.19 22.65 33,241 Limit / 29 Apr 2020 0.01 No 13:41:20 CT AUG 2020 OPT 26.34 +1.18 25.16 25.44 27.12 25.02 13,141 Limit / 29 Apr 2020 0.01 No 13:41:20 CT SEP 2020 OPT 28.11 +1.06 27.39 26.93 27.05 28.50 9,564 Limit / 29 Apr 2020 0.01 No 13:41:18 CT OCT 2020 OPT 29.38 +0.81 28.94 28.57 29.52 28.60 5,116 Limit / 29 Apr 2020 0.01 No 13:41:18 CT NOV 2020 OPT +0.57 29.86 30.64 30.43 3,776 Limit / 30.43 30.63 29 Apr 2020 0.01 No 13:41:20 CT DEC 2020 OPT 31.43 +0.55 30.88 30.88 31.95 30.62 13,043 Limit / 29 Apr 2020 0.01 No 13:40:46 CT JAN 2021 OPT 32.14 +0.41 31.73 32.14 32.14 32.14 1,716 Limit / 29 Apr 2020 0.01 No 13:36:27 CT FEB 2021 OPT 32.50 1,659 Limit / +0.02 32.48 32.50 32.50 32.50 29 Apr 2020 0.01 No 13:41:11 CT MAR 2021 OPT 33.31 +0.15 33.16 33.45 33.45 33.31 2,434 Limit / 29 Apr 2020 0.01

Prior Low Month Options Charts Last Change Settle Open High Low Volume Limit Updated No 13:38:56 CT JUN 2020 OPT 22.75 20.46 20.75 23.83 20.35 +2.29 9,404 Limit / 29 Apr 2020 0.01 No 13:41:20 CT JUL 2020 OPT 24.26 +1.52 22.74 22.92 25.19 22.65 33,241 Limit / 29 Apr 2020 0.01 No 13:41:20 CT AUG 2020 OPT 26.34 +1.18 25.16 25.44 27.12 25.02 13,141 Limit / 29 Apr 2020 0.01 No 13:41:20 CT SEP 2020 OPT 28.11 +1.06 27.39 26.93 27.05 28.50 9,564 Limit / 29 Apr 2020 0.01 No 13:41:18 CT OCT 2020 OPT 29.38 +0.81 28.94 28.57 29.52 28.60 5,116 Limit / 29 Apr 2020 0.01 No 13:41:18 CT NOV 2020 OPT +0.57 29.86 30.64 30.43 3,776 Limit / 30.43 30.63 29 Apr 2020 0.01 No 13:41:20 CT DEC 2020 OPT 31.43 +0.55 30.88 30.88 31.95 30.62 13,043 Limit / 29 Apr 2020 0.01 No 13:40:46 CT JAN 2021 OPT 32.14 +0.41 31.73 32.14 32.14 32.14 1,716 Limit / 29 Apr 2020 0.01 No 13:36:27 CT FEB 2021 OPT 32.50 1,659 Limit / +0.02 32.48 32.50 32.50 32.50 29 Apr 2020 0.01 No 13:41:11 CT MAR 2021 OPT 33.31 +0.15 33.16 33.45 33.45 33.31 2,434 Limit / 29 Apr 2020 0.01

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
What is a normal market for futures? What does an inverted futures curve indicate?

 

 

 

 

 

(b) Consider the price quotes for oil futures below. Is it normal or inverted? Why. i.e. does it indicate shortage of abundant supply of oil at the moment?

 

 

 

 

 

 

 

Oil future market is  NORMAL / INVERTED (highlight correct, or erase wrong answer)

 

Future curve indicate: SHORTAGE/ ABUNDANT SUPPLY of oil in the near future

 

 

Prior Low Month Options Charts Last Change Settle Open High Low Volume Limit Updated No 13:38:56 CT JUN 2020 OPT 22.75 20.46 20.75 23.83 20.35 +2.29 9,404 Limit / 29 Apr 2020 0.01 No 13:41:20 CT JUL 2020 OPT 24.26 +1.52 22.74 22.92 25.19 22.65 33,241 Limit / 29 Apr 2020 0.01 No 13:41:20 CT AUG 2020 OPT 26.34 +1.18 25.16 25.44 27.12 25.02 13,141 Limit / 29 Apr 2020 0.01 No 13:41:20 CT SEP 2020 OPT 28.11 +1.06 27.39 26.93 27.05 28.50 9,564 Limit / 29 Apr 2020 0.01 No 13:41:18 CT OCT 2020 OPT 29.38 +0.81 28.94 28.57 29.52 28.60 5,116 Limit / 29 Apr 2020 0.01 No 13:41:18 CT NOV 2020 OPT +0.57 29.86 30.64 30.43 3,776 Limit / 30.43 30.63 29 Apr 2020 0.01 No 13:41:20 CT DEC 2020 OPT 31.43 +0.55 30.88 30.88 31.95 30.62 13,043 Limit / 29 Apr 2020 0.01 No 13:40:46 CT JAN 2021 OPT 32.14 +0.41 31.73 32.14 32.14 32.14 1,716 Limit / 29 Apr 2020 0.01 No 13:36:27 CT FEB 2021 OPT 32.50 1,659 Limit / +0.02 32.48 32.50 32.50 32.50 29 Apr 2020 0.01 No 13:41:11 CT MAR 2021 OPT 33.31 +0.15 33.16 33.45 33.45 33.31 2,434 Limit / 29 Apr 2020 0.01
Transcribed Image Text:Prior Low Month Options Charts Last Change Settle Open High Low Volume Limit Updated No 13:38:56 CT JUN 2020 OPT 22.75 20.46 20.75 23.83 20.35 +2.29 9,404 Limit / 29 Apr 2020 0.01 No 13:41:20 CT JUL 2020 OPT 24.26 +1.52 22.74 22.92 25.19 22.65 33,241 Limit / 29 Apr 2020 0.01 No 13:41:20 CT AUG 2020 OPT 26.34 +1.18 25.16 25.44 27.12 25.02 13,141 Limit / 29 Apr 2020 0.01 No 13:41:20 CT SEP 2020 OPT 28.11 +1.06 27.39 26.93 27.05 28.50 9,564 Limit / 29 Apr 2020 0.01 No 13:41:18 CT OCT 2020 OPT 29.38 +0.81 28.94 28.57 29.52 28.60 5,116 Limit / 29 Apr 2020 0.01 No 13:41:18 CT NOV 2020 OPT +0.57 29.86 30.64 30.43 3,776 Limit / 30.43 30.63 29 Apr 2020 0.01 No 13:41:20 CT DEC 2020 OPT 31.43 +0.55 30.88 30.88 31.95 30.62 13,043 Limit / 29 Apr 2020 0.01 No 13:40:46 CT JAN 2021 OPT 32.14 +0.41 31.73 32.14 32.14 32.14 1,716 Limit / 29 Apr 2020 0.01 No 13:36:27 CT FEB 2021 OPT 32.50 1,659 Limit / +0.02 32.48 32.50 32.50 32.50 29 Apr 2020 0.01 No 13:41:11 CT MAR 2021 OPT 33.31 +0.15 33.16 33.45 33.45 33.31 2,434 Limit / 29 Apr 2020 0.01
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