Managed Money net +4,650 contracts in PJM.WESTERN HUB_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.WESTERN HUB_month_off_dap - NODAL EXCHANGE
CFTC contract code
064FHL
Contract unit
Megawatt Hours (Mwh
Open interest, contracts
244,272
Change in open interest, contracts
+256
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
158,191
127,213
-
+30,978
64.8
52.1
12.7
Swap Dealers
8,665
28,414
3,817
-19,749
3.5
11.6
-8.1
Managed Money
4,840
190
3,725
+4,650
2.0
0.1
1.9
Other Reportables
7,019
22,544
1,884
-15,525
2.9
9.2
-6.4
Total reportable
188,141
187,787
-
+354
77.0
76.9
0.1
Nonreportable
56,131
56,485
-
-354
23.0
23.1
-0.1
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
+4,650
Week change
+65
4-week change
+2,860
13-week change
+2,913
Net as % of open interest
1.9%
Percentile, 1 year (52 weeks)
92
Percentile, 3 years (156 weeks)
97
Z-score, 52 weeks
1.86
COT Index, 3 years
85
52-week high of net
+6,970
52-week low of net
-920
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
25
31
Swap Dealers
5
4
Other Reportables
6
4
Total reportable
46
49
Largest 4 traders, gross long
42.7%
Largest 4 traders, gross short
31.9%
Largest 8 traders, gross long
54.6%
Largest 8 traders, gross short
49.3%
Largest 4 traders, net long
41.0%
Largest 4 traders, net short
29.5%
Largest 8 traders, net long
51.2%
Largest 8 traders, net short
46.3%
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
158,191
127,213
-
+30,978
64.8
52.1
12.7
Swap Dealers
8,665
28,414
3,817
-19,749
3.5
11.6
-8.1
Managed Money
4,840
190
3,725
+4,650
2.0
0.1
1.9
Other Reportables
7,019
22,544
1,884
-15,525
2.9
9.2
-6.4
Total reportable
188,141
187,787
-
+354
77.0
76.9
0.1
Nonreportable
56,131
56,485
-
-354
23.0
23.1
-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
244,272
Old crop / nearest months, contracts
244,272
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
244,272
+30,978
-19,749
+4,650
-15,525
+354
-354
Tue 13 Oct 2026
244,016
+31,975
-19,024
+4,585
-17,434
+102
-102
Tue 6 Oct 2026
237,823
+36,305
-20,108
+3,865
-19,984
+78
-78
Tue 29 Sep 2026
243,022
+41,785
-22,655
+1,730
-20,593
+267
-267
Tue 22 Sep 2026
238,490
+43,195
-18,541
+1,790
-26,234
+210
-210
Tue 15 Sep 2026
238,378
+45,595
-19,526
+1,145
-27,013
+201
-201
Tue 8 Sep 2026
238,741
+44,111
-18,466
+1,120
-26,564
+201
-201
Tue 1 Sep 2026
251,961
+48,816
-20,592
+935
-28,934
+225
-225
Tue 25 Aug 2026
250,699
+48,441
-21,012
+990
-28,204
+215
-215
Tue 18 Aug 2026
250,304
+48,153
-21,259
+920
-27,754
+60
-60
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.