Managed Money net +2,730 contracts in PJM.BGE_month_off_dap, 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
PJM.BGE_month_off_dap - NODAL EXCHANGE
CFTC contract code
064DPR
Contract unit
Megawatt Hours (Mwh
Open interest, contracts
26,698
Change in open interest, contracts
+983
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
19,438
21,438
-
-2,000
72.8
80.3
-7.5
Swap Dealers
1,800
555
470
+1,245
6.7
2.1
4.7
Managed Money
2,730
0
0
+2,730
10.2
0.0
10.2
Other Reportables
1,060
2,905
180
-1,845
4.0
10.9
-6.9
Total reportable
25,678
25,548
-
+130
96.2
95.7
0.5
Nonreportable
1,020
1,150
-
-130
3.8
4.3
-0.5
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
+2,730
Week change
+0
4-week change
+40
13-week change
+140
Net as % of open interest
10.2%
Percentile, 1 year (52 weeks)
83
Percentile, 3 years (156 weeks)
94
Z-score, 52 weeks
0.93
COT Index, 3 years
94
52-week high of net
+2,925
52-week low of net
+1,450
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
13
5
Swap Dealers
4
-
Managed Money
-
0
Total reportable
22
12
Largest 4 traders, gross long
57.5%
Largest 4 traders, gross short
87.8%
Largest 8 traders, gross long
75.5%
Largest 8 traders, gross short
93.3%
Largest 4 traders, net long
56.6%
Largest 4 traders, net short
86.2%
Largest 8 traders, net long
73.7%
Largest 8 traders, net short
89.2%
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
19,438
21,438
-
-2,000
72.8
80.3
-7.5
Swap Dealers
1,800
555
470
+1,245
6.7
2.1
4.7
Managed Money
2,730
0
0
+2,730
10.2
0.0
10.2
Other Reportables
1,060
2,905
180
-1,845
4.0
10.9
-6.9
Total reportable
25,678
25,548
-
+130
96.2
95.7
0.5
Nonreportable
1,020
1,150
-
-130
3.8
4.3
-0.5
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
26,698
Old crop / nearest months, contracts
26,698
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
26,698
-2,000
+1,245
+2,730
-1,845
+130
-130
Tue 13 Oct 2026
25,715
-2,120
+1,235
+2,730
-1,715
+130
-130
Tue 6 Oct 2026
24,890
-2,420
+1,310
+2,730
-1,490
+130
-130
Tue 29 Sep 2026
26,415
-2,750
+1,395
+2,805
-1,335
+115
-115
Tue 22 Sep 2026
26,250
-2,690
+1,445
+2,690
-1,260
+185
-185
Tue 15 Sep 2026
26,325
-3,410
+1,540
+2,690
-635
+185
-185
Tue 8 Sep 2026
26,095
-3,380
+1,415
+2,540
-390
+185
-185
Tue 1 Sep 2026
28,185
-3,705
+1,565
+2,640
-340
+160
-160
Tue 25 Aug 2026
27,575
-3,570
+1,580
+2,640
-490
+160
-160
Tue 18 Aug 2026
26,155
-3,930
+1,790
+2,640
-340
+160
-160
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.