Diesel options skew surges as refining margins hit record highs

21st September, 2026

Zak Jakubowski
trendsgig

Demand for upside protection in US diesel options has climbed to its highest level since the start of the Iran conflict as tight supplies and refining constraints push diesel crack spreads to record levels, according to OptionMetrics.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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