Managed Money net +1,765 contracts in PJM.WESTERN HUB_month_off_rtp, 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_rtp - NODAL EXCHANGE
CFTC contract code
064FKF
Contract unit
Megawatt Hours (Mwh
Open interest, contracts
192,746
Change in open interest, contracts
+789
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
104,813
122,658
-
-17,845
54.4
63.6
-9.3
Swap Dealers
26,092
8,001
9,415
+18,091
13.5
4.2
9.4
Managed Money
7,410
5,645
3,510
+1,765
3.8
2.9
0.9
Other Reportables
3,512
6,069
5,488
-2,557
1.8
3.1
-1.3
Total reportable
160,240
160,786
-
-546
83.1
83.4
-0.3
Nonreportable
32,506
31,960
-
+546
16.9
16.6
0.3
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
+1,765
Week change
-300
4-week change
-2,115
13-week change
-2,138
Net as % of open interest
0.9%
Percentile, 1 year (52 weeks)
33
Percentile, 3 years (156 weeks)
33
Z-score, 52 weeks
-0.46
COT Index, 3 years
37
52-week high of net
+5,850
52-week low of net
-2,385
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
27
26
Swap Dealers
4
-
Other Reportables
-
4
Total reportable
43
44
Largest 4 traders, gross long
35.4%
Largest 4 traders, gross short
45.1%
Largest 8 traders, gross long
51.0%
Largest 8 traders, gross short
57.9%
Largest 4 traders, net long
30.4%
Largest 4 traders, net short
40.7%
Largest 8 traders, net long
42.5%
Largest 8 traders, net short
49.3%
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
104,813
122,658
-
-17,845
54.4
63.6
-9.3
Swap Dealers
26,092
8,001
9,415
+18,091
13.5
4.2
9.4
Managed Money
7,410
5,645
3,510
+1,765
3.8
2.9
0.9
Other Reportables
3,512
6,069
5,488
-2,557
1.8
3.1
-1.3
Total reportable
160,240
160,786
-
-546
83.1
83.4
-0.3
Nonreportable
32,506
31,960
-
+546
16.9
16.6
0.3
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
192,746
Old crop / nearest months, contracts
192,746
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
192,746
-17,845
+18,091
+1,765
-2,557
-546
+546
Tue 13 Oct 2026
191,957
-18,694
+18,991
+2,065
-2,668
-306
+306
Tue 6 Oct 2026
188,642
-19,414
+21,211
+1,995
-4,098
-306
+306
Tue 29 Sep 2026
196,113
-25,208
+27,126
+3,430
-5,444
-96
+96
Tue 22 Sep 2026
197,492
-26,828
+27,202
+3,880
-4,350
-96
+96
Tue 15 Sep 2026
194,227
-25,698
+25,897
+4,780
-5,205
-226
+226
Tue 8 Sep 2026
193,681
-25,369
+25,092
+5,080
-5,029
-226
+226
Tue 1 Sep 2026
202,328
-28,088
+28,091
+5,095
-5,269
-171
+171
Tue 25 Aug 2026
201,444
-27,463
+27,716
+5,125
-5,549
-171
+171
Tue 18 Aug 2026
199,289
-28,052
+27,973
+5,395
-5,567
-251
+251
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.