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Prior Low Options Charts Volume Limit Month Last Change Settle Open High Low Updated No 13:38:56 CT JUN 2020 OPT 22.75 +2.29 20.46 20.75 23.83 20.35 9,404 Limit / 29 Apr 2020 0.01 No 13:41:20 CT JUL 2020 OPT l 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 +1.06 27.39 28.50 9,564 Limit / 28.11 27.05 26.93 29 Apr 2020 0.01 No 13:41:18 CT ост 2020 ОРТ 29.38 +0.81 28.57 28.94 29.52 28.60 5,116 Limit/ 29 Apr 2020 0.01 No 13:41:18 CT NOV 2020 OPT 30.43 +0.57 29.86 30.63 30.64 30.43 3,776 Limit / 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 32.50 +0.02 32.48 32.50 32.50 1,659 Limit / 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 Options Charts Volume Limit Month Last Change Settle Open High Low Updated No 13:38:56 CT JUN 2020 OPT 22.75 +2.29 20.46 20.75 23.83 20.35 9,404 Limit / 29 Apr 2020 0.01 No 13:41:20 CT JUL 2020 OPT l 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 +1.06 27.39 28.50 9,564 Limit / 28.11 27.05 26.93 29 Apr 2020 0.01 No 13:41:18 CT ост 2020 ОРТ 29.38 +0.81 28.57 28.94 29.52 28.60 5,116 Limit/ 29 Apr 2020 0.01 No 13:41:18 CT NOV 2020 OPT 30.43 +0.57 29.86 30.63 30.64 30.43 3,776 Limit / 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 32.50 +0.02 32.48 32.50 32.50 1,659 Limit / 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

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?

 
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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 Options Charts Volume Limit Month Last Change Settle Open High Low Updated No 13:38:56 CT JUN 2020 OPT 22.75 +2.29 20.46 20.75 23.83 20.35 9,404 Limit / 29 Apr 2020 0.01 No 13:41:20 CT JUL 2020 OPT l 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 +1.06 27.39 28.50 9,564 Limit / 28.11 27.05 26.93 29 Apr 2020 0.01 No 13:41:18 CT ост 2020 ОРТ 29.38 +0.81 28.57 28.94 29.52 28.60 5,116 Limit/ 29 Apr 2020 0.01 No 13:41:18 CT NOV 2020 OPT 30.43 +0.57 29.86 30.63 30.64 30.43 3,776 Limit / 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 32.50 +0.02 32.48 32.50 32.50 1,659 Limit / 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 Options Charts Volume Limit Month Last Change Settle Open High Low Updated No 13:38:56 CT JUN 2020 OPT 22.75 +2.29 20.46 20.75 23.83 20.35 9,404 Limit / 29 Apr 2020 0.01 No 13:41:20 CT JUL 2020 OPT l 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 +1.06 27.39 28.50 9,564 Limit / 28.11 27.05 26.93 29 Apr 2020 0.01 No 13:41:18 CT ост 2020 ОРТ 29.38 +0.81 28.57 28.94 29.52 28.60 5,116 Limit/ 29 Apr 2020 0.01 No 13:41:18 CT NOV 2020 OPT 30.43 +0.57 29.86 30.63 30.64 30.43 3,776 Limit / 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 32.50 +0.02 32.48 32.50 32.50 1,659 Limit / 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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