Options traders traded the equivalent of 5 million barrels of Brent at $250 and $300 call options The resurgent activity with bets on $100 or $200 oil shows that more traders are getting into the energy market amid the global energy crunch Adventurous options traders placed bets this week on oil prices hitting $250 and even $300 per barrel, betting for the first time this year that oil could exceed $250, ICE Futures Europe data cited by Bloomberg showed. On Thursday, options traders traded the equivalent of 5 million barrels of Brent at $250 and $300 call options. Call options give traders the right—but not the obligation—to buy assets at a certain price, the so-called strike price, by a certain date. The amounts of call options at triple-digit strikes have soared in recent weeks, suggesting that more speculative traders are attracted by potential quick profits from options trades, which […]