Managed Money net +11,225 contracts in PJM.WESTERN HUB 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.WESTERN HUB DAP - NODAL EXCHANGE
CFTC contract code
064FHK
Contract unit
Megawatt Hours (Mwh
Open interest, contracts
251,887
Change in open interest, contracts
+3,544
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
161,294
137,223
-
+24,071
64.0
54.5
9.6
Swap Dealers
5,900
26,981
5,116
-21,081
2.3
10.7
-8.4
Managed Money
11,225
0
2,060
+11,225
4.5
0.0
4.5
Other Reportables
7,955
21,946
1,867
-13,991
3.2
8.7
-5.6
Total reportable
195,417
195,193
-
+224
77.6
77.5
0.1
Nonreportable
56,470
56,694
-
-224
22.4
22.5
-0.1
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
+11,225
Week change
+240
4-week change
+2,635
13-week change
+2,900
Net as % of open interest
4.5%
Percentile, 1 year (52 weeks)
96
Percentile, 3 years (156 weeks)
99
Z-score, 52 weeks
2.02
COT Index, 3 years
93
52-week high of net
+12,490
52-week low of net
+4,105
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
26
31
Swap Dealers
4
5
Managed Money
-
0
Other Reportables
7
4
Total reportable
46
48
Largest 4 traders, gross long
42.9%
Largest 4 traders, gross short
33.0%
Largest 8 traders, gross long
55.0%
Largest 8 traders, gross short
50.9%
Largest 4 traders, net long
40.6%
Largest 4 traders, net short
31.2%
Largest 8 traders, net long
51.2%
Largest 8 traders, net short
48.3%
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
161,294
137,223
-
+24,071
64.0
54.5
9.6
Swap Dealers
5,900
26,981
5,116
-21,081
2.3
10.7
-8.4
Managed Money
11,225
0
2,060
+11,225
4.5
0.0
4.5
Other Reportables
7,955
21,946
1,867
-13,991
3.2
8.7
-5.6
Total reportable
195,417
195,193
-
+224
77.6
77.5
0.1
Nonreportable
56,470
56,694
-
-224
22.4
22.5
-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
251,887
Old crop / nearest months, contracts
251,887
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
251,887
+24,071
-21,081
+11,225
-13,991
+224
-224
Tue 13 Oct 2026
248,343
+26,872
-20,771
+10,985
-17,114
-28
+28
Tue 6 Oct 2026
243,066
+31,217
-21,945
+10,140
-19,464
-52
+52
Tue 29 Sep 2026
247,773
+35,905
-24,503
+8,530
-19,805
+127
-127
Tue 22 Sep 2026
244,394
+37,719
-20,778
+8,590
-25,476
+55
-55
Tue 15 Sep 2026
243,295
+39,749
-21,393
+7,945
-26,255
+46
-46
Tue 8 Sep 2026
244,177
+38,449
-20,463
+7,920
-25,860
+46
-46
Tue 1 Sep 2026
257,988
+43,177
-22,961
+7,950
-28,111
+55
-55
Tue 25 Aug 2026
257,033
+42,872
-23,431
+7,880
-27,281
+40
-40
Tue 18 Aug 2026
256,878
+42,237
-23,176
+7,860
-27,036
-115
+115
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.