Option Traders Boost Bets on Carbon Hitting 100 Euros
- Call option demand surges as permits trade at all-time high
- EU carbon has already gained 60% in 2021, shattering records
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Carbon permits broke through a fresh record as the options market shows more traders willing to bet on carbon prices almost doubling by the end of the year.
European Union pollution rights have climbed about 60% this year, putting them among the best-performing commodity futures markets. Even after such hefty gains, some of the biggest options positions are for bets that carbon permits will pass 60 euros ($73), or about 15% above current rates, and 100 euros by the end of the year.