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Glencore Options Trading Surges, With Heavy Focus on July Calls
Options trading activity for Glencore Plc surged on Wednesday, with 18,640 contracts changing hands by 7:50 a.m. New York time. According to exchange data, the trading was overwhelmingly bullish in sentiment, with call options accounting for 18,634 of the total contracts, compared to just six put options.
A significant portion of the activity was concentrated on contracts with a July 17, 2026, expiration date. The GBp520 call and the GBp540 call each saw trading volumes of 7,287 contracts. Open interest for these contracts was reported at 525 and 10,617, respectively, as of the previous trading day.
Another notable trade involved a spread with an August 21, 2026, expiration, which accounted for 4,000 contracts. This transaction included 2,000 contracts of the GBp540 call and 2,000 contracts of the GBp580 call.
AdAmid the heightened options activity, Glencore shares traded lower, falling 1.99% to 498.40 pence. The company’s three-month volatility reportedly increased by 0.66 percentage points to 35.54%, while a measure of demand for puts versus calls, the three-month 90/110 skew, declined slightly.