Managed Money net +2,730 contracts in PJM.BGE_month_on_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_on_dap - NODAL EXCHANGE
CFTC contract code
064DPQ
Contract unit
Megawatt Hours (Mwh
Open interest, contracts
26,748
Change in open interest, contracts
+953
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
19,633
21,658
-
-2,025
73.4
81.0
-7.6
Swap Dealers
2,065
790
445
+1,275
7.7
3.0
4.8
Managed Money
2,730
0
0
+2,730
10.2
0.0
10.2
Other Reportables
1,045
2,880
180
-1,835
3.9
10.8
-6.9
Total reportable
26,098
25,953
-
+145
97.6
97.0
0.5
Nonreportable
650
795
-
-145
2.4
3.0
-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
0.94
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
Managed Money
-
0
Total reportable
22
12
Largest 4 traders, gross long
58.1%
Largest 4 traders, gross short
88.3%
Largest 8 traders, gross long
77.4%
Largest 8 traders, gross short
94.1%
Largest 4 traders, net long
57.2%
Largest 4 traders, net short
86.7%
Largest 8 traders, net long
75.6%
Largest 8 traders, net short
90.7%
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
19,633
21,658
-
-2,025
73.4
81.0
-7.6
Swap Dealers
2,065
790
445
+1,275
7.7
3.0
4.8
Managed Money
2,730
0
0
+2,730
10.2
0.0
10.2
Other Reportables
1,045
2,880
180
-1,835
3.9
10.8
-6.9
Total reportable
26,098
25,953
-
+145
97.6
97.0
0.5
Nonreportable
650
795
-
-145
2.4
3.0
-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
26,748
Old crop / nearest months, contracts
26,748
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
26,748
-2,025
+1,275
+2,730
-1,835
+145
-145
Tue 13 Oct 2026
25,795
-2,145
+1,265
+2,730
-1,705
+145
-145
Tue 6 Oct 2026
24,970
-2,445
+1,340
+2,730
-1,480
+145
-145
Tue 29 Sep 2026
26,505
-2,775
+1,430
+2,805
-1,325
+135
-135
Tue 22 Sep 2026
26,350
-2,715
+1,480
+2,690
-1,250
+205
-205
Tue 15 Sep 2026
26,415
-3,435
+1,575
+2,690
-625
+205
-205
Tue 8 Sep 2026
26,170
-3,430
+1,460
+2,540
-365
+205
-205
Tue 1 Sep 2026
28,270
-3,740
+1,600
+2,640
-315
+185
-185
Tue 25 Aug 2026
27,660
-3,605
+1,615
+2,640
-465
+185
-185
Tue 18 Aug 2026
26,240
-3,965
+1,825
+2,640
-315
+185
-185
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.