According to Dow Jones News, a crude oil options contract with a strike price of $100 per barrel traded this morning -- possibly the highest strike price for a West Texas Intermediate contract ever placed on the exchange. Most of the options contracts for April -- the current trading month for the WTI contract --are hovering around $60, indicating "that some traders anticipate futures prices, currently trading around $55, to hit that level and are protecting themselves against 'an extreme event'," one trader told Dow Jones.
