Latest news with #bearishBets
Bloomberg
29-06-2025
- Business
- Bloomberg
Oil Falls as Traders Wind Back Risk Premium Before OPEC+ Meeting
Oil fell after its biggest weekly loss in more than two years as hedge funds piled into bearish bets following a fragile truce between Iran and Israel, and before an OPEC+ meeting that may see another super-sized production increase. Brent for September fell as much as 0.8% to near $66 a barrel after sliding 12% last week, while West Texas Intermediate traded near $65. Iran said it remains skeptical that the US-brokered ceasefire with Israel would last, although President Donald Trump suggested he might back eventual sanctions relief for the Islamic Republic.
Bloomberg
20-05-2025
- Business
- Bloomberg
Wolfspeed Put Options Surge Before Report on Bankruptcy Plans
Traders ramped up bearish bets Tuesday on Wolfspeed Inc., before the Wall Street Journal reported after regular market hours that the ailing chip component maker is preparing to file for bankruptcy protection within weeks.
Bloomberg
13-05-2025
- Business
- Bloomberg
Hong Kong Dollar Slide Aided by Record Low Cost for Short Bets
The cost of shorting the Hong Kong dollar has slumped to an all-time low, as the currency weakens to the middle of its fixed trading band. One-month forward points on the city's dollar, which are added to or subtracted from the spot level to calculate the forward rate, dropped to the lowest on record Monday, according to data complied by Bloomberg. That has renewed bearish bets against the city's currency.
