Managed Money net -5,599 contracts in TETCO M3 BASIS, 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 M3 BASIS - ICE FUTURES ENERGY DIV
CFTC contract code
0233CH
Contract unit
2500 Mm Btu
Open interest, contracts
169,412
Change in open interest, contracts
+774
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
99,964
124,332
-
-24,368
59.0
73.4
-14.4
Swap Dealers
34,671
14,598
8,276
+20,073
20.5
8.6
11.8
Managed Money
3,643
9,242
4,544
-5,599
2.2
5.5
-3.3
Other Reportables
7,664
2,891
181
+4,773
4.5
1.7
2.8
Total reportable
158,943
164,064
-
-5,121
93.8
96.8
-3.0
Nonreportable
10,469
5,348
-
+5,121
6.2
3.2
3.0
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
-5,599
Week change
-1,184
4-week change
-963
13-week change
-4,615
Net as % of open interest
-3.3%
Percentile, 1 year (52 weeks)
2
Percentile, 3 years (156 weeks)
3
Z-score, 52 weeks
-1.74
COT Index, 3 years
12
52-week high of net
+11,041
52-week low of net
-5,599
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
20
24
Swap Dealers
5
5
Managed Money
-
5
Total reportable
34
42
Largest 4 traders, gross long
40.8%
Largest 4 traders, gross short
39.6%
Largest 8 traders, gross long
62.0%
Largest 8 traders, gross short
56.7%
Largest 4 traders, net long
39.1%
Largest 4 traders, net short
39.6%
Largest 8 traders, net long
58.6%
Largest 8 traders, net short
54.8%
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
99,964
124,332
-
-24,368
59.0
73.4
-14.4
Swap Dealers
34,671
14,598
8,276
+20,073
20.5
8.6
11.8
Managed Money
3,643
9,242
4,544
-5,599
2.2
5.5
-3.3
Other Reportables
7,664
2,891
181
+4,773
4.5
1.7
2.8
Total reportable
158,943
164,064
-
-5,121
93.8
96.8
-3.0
Nonreportable
10,469
5,348
-
+5,121
6.2
3.2
3.0
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
169,412
Old crop / nearest months, contracts
169,412
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
169,412
-24,368
+20,073
-5,599
+4,773
-5,121
+5,121
Tue 13 Oct 2026
168,638
-26,304
+22,741
-4,415
+4,403
-3,575
+3,575
Tue 6 Oct 2026
167,090
-27,405
+24,093
-4,337
+4,785
-2,864
+2,864
Tue 29 Sep 2026
175,103
-24,002
+19,363
-4,237
+4,478
-4,398
+4,398
Tue 22 Sep 2026
173,842
-24,863
+18,754
-4,636
+6,234
-4,511
+4,511
Tue 15 Sep 2026
170,989
-24,060
+19,466
-3,394
+3,454
-4,534
+4,534
Tue 8 Sep 2026
166,133
-21,536
+19,199
-5,366
+3,175
-4,528
+4,528
Tue 1 Sep 2026
173,613
-20,283
+17,358
-4,563
+2,811
-4,677
+4,677
Tue 25 Aug 2026
173,032
-21,438
+17,736
-4,685
+3,723
-4,664
+4,664
Tue 18 Aug 2026
165,714
-17,290
+17,063
-3,382
+800
-2,809
+2,809
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.