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.

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