HENRY HUB PENULTIMATE FIN COT Report, Disaggregated
Wednesday, October 28, 2026
Managed Money net +6,520 contracts in HENRY HUB PENULTIMATE FIN, 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 PENULTIMATE FIN - NEW YORK MERCANTILE EXCHANGE
CFTC contract code
023A56
Contract unit
Contracts Of 10,000 Mmbtu'S
Open interest, contracts
222,906
Change in open interest, contracts
+12,312
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
24,235
42,933
-
-18,698
10.9
19.3
-8.4
Swap Dealers
72,042
45,190
26,579
+26,852
32.3
20.3
12.0
Managed Money
21,872
15,352
23,664
+6,520
9.8
6.9
2.9
Other Reportables
12,343
26,330
35,071
-13,987
5.5
11.8
-6.3
Total reportable
215,806
215,119
-
+687
96.8
96.5
0.3
Nonreportable
7,100
7,787
-
-687
3.2
3.5
-0.3
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
+6,520
Week change
+13,948
4-week change
+33,000
13-week change
-12,947
Net as % of open interest
2.9%
Percentile, 1 year (52 weeks)
67
Percentile, 3 years (156 weeks)
86
Z-score, 52 weeks
0.41
COT Index, 3 years
80
52-week high of net
+31,233
52-week low of net
-30,047
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
13
17
Swap Dealers
11
6
Managed Money
11
9
Other Reportables
11
15
Total reportable
73
71
Largest 4 traders, gross long
23.7%
Largest 4 traders, gross short
28.1%
Largest 8 traders, gross long
41.4%
Largest 8 traders, gross short
41.0%
Largest 4 traders, net long
21.6%
Largest 4 traders, net short
21.1%
Largest 8 traders, net long
33.0%
Largest 8 traders, net short
31.0%
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
24,235
42,933
-
-18,698
10.9
19.3
-8.4
Swap Dealers
72,042
45,190
26,579
+26,852
32.3
20.3
12.0
Managed Money
21,872
15,352
23,664
+6,520
9.8
6.9
2.9
Other Reportables
12,343
26,330
35,071
-13,987
5.5
11.8
-6.3
Total reportable
215,806
215,119
-
+687
96.8
96.5
0.3
Nonreportable
7,100
7,787
-
-687
3.2
3.5
-0.3
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
222,906
Old crop / nearest months, contracts
222,906
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
222,906
-18,698
+26,852
+6,520
-13,987
+687
-687
Tue 13 Oct 2026
210,594
-21,726
+28,152
-7,428
+2,923
+1,921
-1,921
Tue 6 Oct 2026
197,059
-19,342
+25,150
-2,920
-3,082
-194
+194
Tue 29 Sep 2026
187,930
-19,041
+28,656
-7,651
-2,158
-194
+194
Tue 22 Sep 2026
229,869
-22,321
+32,470
-26,480
+14,271
-2,060
+2,060
Tue 15 Sep 2026
221,133
-16,567
+21,023
-1,856
-2,925
-325
+325
Tue 8 Sep 2026
205,773
-19,602
+18,042
+5,739
-4,833
-654
+654
Tue 1 Sep 2026
201,249
-20,471
+19,858
+7,658
-8,098
-1,053
+1,053
Tue 25 Aug 2026
250,697
-30,538
+22,794
-6,153
+14,308
+411
-411
Tue 18 Aug 2026
236,737
-30,851
+18,528
+2,973
+8,127
-1,223
+1,223
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.