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Oil Options Trading Heat Up to 7-Month Peak
WTI crude options just hit their most active week since June—traders are seriously loading up on weekly calls as geopolitical tensions keep pushing prices above $61. It's a pretty clear signal: the market's leaning bullish right now. The options skew tells the story—heavy buying pressure on upside strikes, which usually means participants are bracing for further moves north or hedging against supply shocks. When you see this kind of call-buying surge combined with price strength, it typically reflects macro uncertainty playing out in real-time across energy markets.