Excell with Options: Does Dr. Copper prescribe a move lower on recession fears?
23 Aug 2022
Executive summary
With global economic indicators potentially giving conflicting signals depending on the country, the most economically sensitive commodity – copper – is faced with crosswinds on the path forward. As a result, Copper options volume and open interest has been rising steadily and is at record highs. In this week’s report, Rich examines a ratio call calendar spread for exposure and leverage for a possible move higher in copper.