ERCOT - NORTH MONTHLY OFF-PEAK COT Report, Disaggregated
Wednesday, October 28, 2026
Managed Money net -1,205 contracts in ERCOT - NORTH MONTHLY OFF-PEAK, positions as of Tue 20 Oct 2026.
Data as of Positions as of Tue 20 Oct 2026; published Fri 23 Oct 2026
Positions as of Tue 20 Oct 2026 - published Fri 23 Oct 2026 (CFTC, Friday release)
Report family
Disaggregated
Basis
Futures only
Market
ERCOT - NORTH MONTHLY OFF-PEAK - ICE FUTURES ENERGY DIV
CFTC contract code
0643A8
Contract unit
1 Mw Per Off-Peak Hour
Open interest, contracts
113,732
Change in open interest, contracts
+33
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
81,684
78,596
-
+3,088
71.8
69.1
2.7
Swap Dealers
12,206
5,317
10,163
+6,889
10.7
4.7
6.1
Managed Money
3,590
4,795
3,670
-1,205
3.2
4.2
-1.1
Other Reportables
565
9,451
1,020
-8,886
0.5
8.3
-7.8
Total reportable
112,898
113,012
-
-114
99.3
99.4
-0.1
Nonreportable
834
720
-
+114
0.7
0.6
0.1
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
-1,205
Week change
-1,150
4-week change
-1,239
13-week change
-6,385
Net as % of open interest
-1.1%
Percentile, 1 year (52 weeks)
2
Percentile, 3 years (156 weeks)
1
Z-score, 52 weeks
-2.20
COT Index, 3 years
0
52-week high of net
+12,742
52-week low of net
-1,205
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
22
23
Swap Dealers
4
-
Managed Money
-
4
Other Reportables
-
7
Total reportable
36
41
Largest 4 traders, gross long
40.1%
Largest 4 traders, gross short
43.0%
Largest 8 traders, gross long
67.1%
Largest 8 traders, gross short
62.0%
Largest 4 traders, net long
36.3%
Largest 4 traders, net short
40.1%
Largest 8 traders, net long
59.0%
Largest 8 traders, net short
53.8%
Concentration is the share of open interest held by the largest traders, as published in the report.
Latest report, futures and options combined
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
81,684
78,596
-
+3,088
71.8
69.1
2.7
Swap Dealers
12,206
5,317
10,163
+6,889
10.7
4.7
6.1
Managed Money
3,590
4,795
3,670
-1,205
3.2
4.2
-1.1
Other Reportables
565
9,451
1,020
-8,886
0.5
8.3
-7.8
Total reportable
112,898
113,012
-
-114
99.3
99.4
-0.1
Nonreportable
834
720
-
+114
0.7
0.6
0.1
The combined basis adds options converted to futures equivalents at exchange delta factors. The two bases are never mixed in one series; the history on this page is futures only.
Open interest by maturity split
All contract months, contracts
113,732
Old crop / nearest months, contracts
113,732
Other months, contracts
0
Recent reports, net by category
Report date
Open interest
Producer/Merchant/Processor/User
Swap Dealers
Managed Money
Other Reportables
Total reportable
Nonreportable
Tue 20 Oct 2026
113,732
+3,088
+6,889
-1,205
-8,886
-114
+114
Tue 13 Oct 2026
113,699
+2,384
+6,169
-55
-8,612
-114
+114
Tue 6 Oct 2026
118,595
+3,808
+5,504
+4
-9,477
-161
+161
Tue 29 Sep 2026
118,633
+4,020
+5,614
+4
-9,739
-101
+101
Tue 22 Sep 2026
117,438
+4,410
+5,234
+34
-9,779
-101
+101
Tue 15 Sep 2026
115,932
+4,236
+3,644
+2,054
-9,519
+415
-415
Tue 8 Sep 2026
121,519
+1,421
+5,039
+2,244
-9,878
-1,174
+1,174
Tue 1 Sep 2026
121,673
+3,492
+4,379
+2,244
-9,758
+357
-357
Tue 25 Aug 2026
120,365
+3,948
+4,379
+1,884
-9,914
+297
-297
Tue 18 Aug 2026
117,481
+4,824
+2,799
+1,884
-9,270
+237
-237
Spreading is calendar-spread positions. It prints as its own column and is not part of net. Percentile is the share of weeks in the window with a net at or below the current net. The COT Index places the current net within its 3-year range, 0 at the low and 100 at the high. Gauges print only when the window holds enough history. History is the series as currently published by the CFTC, including its corrections; first-release vintages are not kept. An extreme reading is a condition of crowding, not a buy or sell signal: speculative categories are trend followers and are usually largest near price extremes.
Source: CFTC Commitments of Traders, Disaggregated report, futures only unless stated. Positions as of Tue 20 Oct 2026, published Fri 23 Oct 2026.