March Corn futures ended the day at a one month high of 459'4 Thursday, adding 1'0. Overall the session saw 308,598 contracts change hands, with March volume coming in at 163,449. Total open interest ended at a one month high of 1,668,384, higher by 17,583, or 1.07%. March open interest shed 2,065 (0.28%), to 744,166.
Option trading centered around the Jan ZC1 460 calls with 2,458 changing hands and the Feb 420 puts with volume of 2,404. For March options, the 440 calls were the most actively traded with 2,112 done, and the highest volume put was the 460 strike with 2,243 contracts changing hands. Calls with the most open interest are the July 500 strike (43,249), and for the puts are the March 430 strike (25,789).
Implied Volatility finished the day slightly down with CVL losing 0.12, to close at a one week low of 18.26. Unchanged on the session nan%, historical volatility (as measured by the 30-day) ended the day at nan%. The CVL Skew ended the day moderately lower, down by 0.083 to close the session at 0.88.
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