Managed Money net -157,409 contracts in NAT GAS NYME, 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
NAT GAS NYME - NEW YORK MERCANTILE EXCHANGE
CFTC contract code
023651
Contract unit
Contracts Of 10,000 Mmbtu'S
Open interest, contracts
1,710,685
Change in open interest, contracts
-30,478
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
242,121
255,275
-
-13,154
14.2
14.9
-0.8
Swap Dealers
258,225
22,102
119,487
+236,123
15.1
1.3
13.8
Managed Money
202,570
359,979
552,930
-157,409
11.8
21.0
-9.2
Other Reportables
61,905
145,768
214,472
-83,863
3.6
8.5
-4.9
Total reportable
1,651,710
1,670,013
-
-18,303
96.6
97.6
-1.1
Nonreportable
58,975
40,672
-
+18,303
3.4
2.4
1.1
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
-157,409
Week change
-30,928
4-week change
-91,862
13-week change
-54,653
Net as % of open interest
-9.2%
Percentile, 1 year (52 weeks)
2
Percentile, 3 years (156 weeks)
1
Z-score, 52 weeks
-2.14
COT Index, 3 years
1
52-week high of net
-47
52-week low of net
-157,409
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
47
41
Swap Dealers
29
8
Managed Money
66
59
Other Reportables
72
38
Total reportable
305
249
Largest 4 traders, gross long
15.5%
Largest 4 traders, gross short
21.3%
Largest 8 traders, gross long
26.2%
Largest 8 traders, gross short
32.5%
Largest 4 traders, net long
8.8%
Largest 4 traders, net short
11.7%
Largest 8 traders, net long
12.9%
Largest 8 traders, net short
16.5%
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
242,382
255,476
-
-13,094
14.0
14.8
-0.8
Swap Dealers
258,833
22,102
120,071
+236,731
15.0
1.3
13.7
Managed Money
203,228
360,076
553,465
-156,848
11.7
20.8
-9.1
Other Reportables
61,926
147,772
230,660
-85,846
3.6
8.5
-5.0
Total reportable
1,670,567
1,689,622
-
-19,055
96.5
97.6
-1.1
Nonreportable
60,239
41,183
-
+19,056
3.5
2.4
1.1
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
1,710,685
Old crop / nearest months, contracts
1,710,685
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
1,710,685
-13,154
+236,123
-157,409
-83,863
-18,303
+18,303
Tue 13 Oct 2026
1,741,163
-10,881
+229,719
-126,481
-107,097
-14,740
+14,740
Tue 6 Oct 2026
1,815,990
-8,229
+228,076
-144,537
-91,902
-16,592
+16,592
Tue 29 Sep 2026
1,782,129
-14,084
+227,587
-132,799
-98,221
-17,517
+17,517
Tue 22 Sep 2026
1,837,146
-23,720
+227,244
-65,547
-150,983
-13,006
+13,006
Tue 15 Sep 2026
1,820,003
-17,207
+223,959
-100,205
-121,382
-14,835
+14,835
Tue 8 Sep 2026
1,823,243
-15,265
+216,391
-96,742
-123,025
-18,641
+18,641
Tue 1 Sep 2026
1,807,497
-17,049
+210,481
-89,481
-119,430
-15,479
+15,479
Tue 25 Aug 2026
1,747,730
-18,985
+206,722
-71,673
-126,259
-10,195
+10,195
Tue 18 Aug 2026
1,727,378
-16,786
+205,112
-100,080
-103,423
-15,177
+15,177
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.