🚨 BEARISH BETS AGAINST OIL JUST HIT A RECORD HIGH.
Brent crude put options just hit a record 764,000 contracts.
Oil has already crashed more than 10% in just 8 days. And traders are betting the sell off isn’t over.
U.S.-Iran settlement talks and the reopening of a major Middle East export pipeline are adding even more pressure.
The oil market has gone from supply panic to record bearishness in just days.
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When bearish oil positioning reaches an extreme after a double-digit selloff, I start watching for asymmetry rather than chasing the move lower.
Diplomacy and improving supply expectations are pressuring crude, but crowded positioning can make any headline reversal violent. For equities, sustained lower oil would also ease an important inflation pressure point.
Follow positioning, but let price confirm. @DariusMNetwork
Sep 23, 2026 · 12:00 PM UTC
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