Managed Money net +36,178 contracts in TETCO M2 Basis (Receipts), 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
TETCO M2 Basis (Receipts) - ICE FUTURES ENERGY DIV
CFTC contract code
0233DR
Contract unit
2500 Mm Btus
Open interest, contracts
560,857
Change in open interest, contracts
+4,258
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
482,004
25,825
-
+456,179
85.9
4.6
81.3
Swap Dealers
10,726
511,619
16,021
-500,893
1.9
91.2
-89.3
Managed Money
36,808
630
856
+36,178
6.6
0.1
6.5
Other Reportables
4,116
591
1,227
+3,525
0.7
0.1
0.6
Total reportable
551,758
556,769
-
-5,011
98.4
99.3
-0.9
Nonreportable
9,099
4,088
-
+5,011
1.6
0.7
0.9
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
+36,178
Week change
-690
4-week change
+3,982
13-week change
+10,767
Net as % of open interest
6.5%
Percentile, 1 year (52 weeks)
98
Percentile, 3 years (156 weeks)
99
Z-score, 52 weeks
2.59
COT Index, 3 years
98
52-week high of net
+36,868
52-week low of net
+18,270
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
33
10
Swap Dealers
-
16
Total reportable
42
32
Largest 4 traders, gross long
43.9%
Largest 4 traders, gross short
49.2%
Largest 8 traders, gross long
61.6%
Largest 8 traders, gross short
72.8%
Largest 4 traders, net long
43.9%
Largest 4 traders, net short
48.9%
Largest 8 traders, net long
60.6%
Largest 8 traders, net short
71.8%
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
482,004
25,825
-
+456,179
85.9
4.6
81.3
Swap Dealers
10,726
511,619
16,021
-500,893
1.9
91.2
-89.3
Managed Money
36,808
630
856
+36,178
6.6
0.1
6.5
Other Reportables
4,116
591
1,227
+3,525
0.7
0.1
0.6
Total reportable
551,758
556,769
-
-5,011
98.4
99.3
-0.9
Nonreportable
9,099
4,088
-
+5,011
1.6
0.7
0.9
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
560,857
Old crop / nearest months, contracts
560,857
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
560,857
+456,179
-500,893
+36,178
+3,525
-5,011
+5,011
Tue 13 Oct 2026
556,599
+454,483
-499,381
+36,868
+3,169
-4,861
+4,861
Tue 6 Oct 2026
556,462
+455,822
-498,668
+35,858
+2,173
-4,815
+4,815
Tue 29 Sep 2026
579,787
+482,108
-520,576
+33,506
+1,720
-3,242
+3,242
Tue 22 Sep 2026
572,972
+477,910
-515,964
+32,196
+3,005
-2,853
+2,853
Tue 15 Sep 2026
567,712
+476,831
-512,240
+31,498
+665
-3,246
+3,246
Tue 8 Sep 2026
561,103
+472,359
-507,548
+32,020
+6
-3,163
+3,163
Tue 1 Sep 2026
579,306
+490,199
-523,004
+27,864
+782
-4,159
+4,159
Tue 25 Aug 2026
576,413
+490,377
-522,697
+27,576
+765
-3,979
+3,979
Tue 18 Aug 2026
554,933
+468,834
-504,764
+29,105
+2,723
-4,102
+4,102
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.