PJM WESTERN HUB DA OFF-PK COT Report, Disaggregated
Wednesday, October 28, 2026
Managed Money net +3,782 contracts in PJM WESTERN HUB DA OFF-PK, 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 WESTERN HUB DA OFF-PK - ICE FUTURES ENERGY DIV
CFTC contract code
0643DB
Contract unit
1 Mw Per Off-Peak Hour
Open interest, contracts
117,808
Change in open interest, contracts
+1,076
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
86,294
100,297
-
-14,003
73.2
85.1
-11.9
Swap Dealers
7,891
6,453
4,015
+1,438
6.7
5.5
1.2
Managed Money
4,642
860
378
+3,782
3.9
0.7
3.2
Other Reportables
11,966
3,014
1,991
+8,952
10.2
2.6
7.6
Total reportable
117,177
117,008
-
+169
99.5
99.3
0.1
Nonreportable
631
800
-
-169
0.5
0.7
-0.1
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
+3,782
Week change
+56
4-week change
+532
13-week change
+2,073
Net as % of open interest
3.2%
Percentile, 1 year (52 weeks)
87
Percentile, 3 years (156 weeks)
90
Z-score, 52 weeks
0.74
COT Index, 3 years
71
52-week high of net
+7,865
52-week low of net
-3,115
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
32
27
Swap Dealers
6
5
Managed Money
5
-
Other Reportables
7
7
Total reportable
58
50
Largest 4 traders, gross long
41.3%
Largest 4 traders, gross short
65.2%
Largest 8 traders, gross long
59.5%
Largest 8 traders, gross short
79.2%
Largest 4 traders, net long
36.6%
Largest 4 traders, net short
64.4%
Largest 8 traders, net long
53.9%
Largest 8 traders, net short
73.7%
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
86,294
100,297
-
-14,003
73.2
85.1
-11.9
Swap Dealers
7,891
6,453
4,015
+1,438
6.7
5.5
1.2
Managed Money
4,642
860
378
+3,782
3.9
0.7
3.2
Other Reportables
11,966
3,014
1,991
+8,952
10.2
2.6
7.6
Total reportable
117,177
117,008
-
+169
99.5
99.3
0.1
Nonreportable
631
800
-
-169
0.5
0.7
-0.1
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
117,808
Old crop / nearest months, contracts
117,808
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
117,808
-14,003
+1,438
+3,782
+8,952
+169
-169
Tue 13 Oct 2026
116,732
-15,336
+1,022
+3,726
+10,342
-246
+246
Tue 6 Oct 2026
115,357
-15,415
+1,008
+3,784
+10,431
-192
+192
Tue 29 Sep 2026
120,206
-12,369
-241
+3,680
+9,157
+227
-227
Tue 22 Sep 2026
118,080
-8,350
-4,047
+3,250
+9,326
+179
-179
Tue 15 Sep 2026
117,257
-9,533
-2,478
+3,101
+9,068
+158
-158
Tue 8 Sep 2026
116,423
-8,345
-2,443
+2,286
+8,827
+325
-325
Tue 1 Sep 2026
122,761
-8,125
-2,380
+2,889
+8,258
+642
-642
Tue 25 Aug 2026
121,788
-8,206
-2,264
+3,042
+8,133
+705
-705
Tue 18 Aug 2026
120,302
-9,782
-1,408
+3,158
+8,587
+555
-555
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.