Managed Money net +19,752 contracts in HENRY HUB BASIS, 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
HENRY HUB BASIS - ICE FUTURES ENERGY DIV
CFTC contract code
0233AG
Contract unit
2500 Mmbtu
Open interest, contracts
121,932
Change in open interest, contracts
+6,360
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
32,204
105,621
-
-73,417
26.4
86.6
-60.2
Swap Dealers
53,985
717
549
+53,268
44.3
0.6
43.7
Managed Money
29,351
9,599
930
+19,752
24.1
7.9
16.2
Other Reportables
2,520
2,903
541
-383
2.1
2.4
-0.3
Total reportable
120,080
120,860
-
-780
98.5
99.1
-0.6
Nonreportable
1,852
1,072
-
+780
1.5
0.9
0.6
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
+19,752
Week change
-5,083
4-week change
+2,713
13-week change
+27,563
Net as % of open interest
16.2%
Percentile, 1 year (52 weeks)
88
Percentile, 3 years (156 weeks)
84
Z-score, 52 weeks
1.25
COT Index, 3 years
67
52-week high of net
+31,623
52-week low of net
-29,577
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
12
15
Swap Dealers
9
-
Other Reportables
-
4
Total reportable
29
24
Largest 4 traders, gross long
43.7%
Largest 4 traders, gross short
65.3%
Largest 8 traders, gross long
64.8%
Largest 8 traders, gross short
87.7%
Largest 4 traders, net long
43.7%
Largest 4 traders, net short
62.1%
Largest 8 traders, net long
64.8%
Largest 8 traders, net short
83.4%
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
32,204
105,621
-
-73,417
26.4
86.6
-60.2
Swap Dealers
53,985
717
549
+53,268
44.3
0.6
43.7
Managed Money
29,351
9,599
930
+19,752
24.1
7.9
16.2
Other Reportables
2,520
2,903
541
-383
2.1
2.4
-0.3
Total reportable
120,080
120,860
-
-780
98.5
99.1
-0.6
Nonreportable
1,852
1,072
-
+780
1.5
0.9
0.6
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
121,932
Old crop / nearest months, contracts
121,932
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
121,932
-73,417
+53,268
+19,752
-383
-780
+780
Tue 13 Oct 2026
115,572
-77,647
+53,838
+24,835
-300
+726
-726
Tue 6 Oct 2026
115,332
-77,587
+53,838
+24,445
+0
+696
-696
Tue 29 Sep 2026
177,636
-75,182
+52,281
+31,623
-9,547
-825
+825
Tue 22 Sep 2026
126,936
-63,994
+50,376
+17,039
-4,371
-950
+950
Tue 15 Sep 2026
100,983
-51,773
+43,161
+10,843
-899
+1,332
-1,332
Tue 8 Sep 2026
98,750
-52,372
+41,689
+12,251
+0
+1,568
-1,568
Tue 1 Sep 2026
142,762
-43,323
+39,070
+1,663
+1,712
-878
+878
Tue 25 Aug 2026
125,882
-47,934
+42,254
+7,686
-2,637
-631
+631
Tue 18 Aug 2026
111,993
-53,276
+46,026
+6,995
-1,378
-1,633
+1,633
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.