CALIF CARBON ALLOWANCE V2026 - NODAL EXCHANGE Code-0063EL
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : (1,000 California carbon allowances) :
: : :
All : 10,616: 5,775 3,245 3,854 980 3,509 10,609 10,608: 7 8
Old : 10,616: 5,775 3,245 3,854 980 3,509 10,609 10,608: 7 8
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: -158: 2 23 -160 -1 -22 -158 -158: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 54.4 30.6 36.3 9.2 33.1 99.9 99.9: 0.1 0.1
Old : 100.0: 54.4 30.6 36.3 9.2 33.1 99.9 99.9: 0.1 0.1
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 20: 7 3 6 5 7 13 15:
Old : 20: 7 3 6 5 7 13 15:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 80.3 66.4 94.6 88.4 54.3 51.3 61.6 60.3
Old : 80.3 66.4 94.6 88.4 54.3 51.3 61.6 60.3
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
TX GREEN-E REC V25 BACK HALF - NODAL EXCHANGE Code-006NG4
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : 1000 Texas Green-e RECs :
: : :
All : 8,087: 1,815 4,033 52 5,524 3,351 7,391 7,436: 696 651
Old : 8,087: 1,815 4,033 52 5,524 3,351 7,391 7,436: 696 651
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 17: 22 5 -5 0 17 17 17: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 22.4 49.9 0.6 68.3 41.4 91.4 91.9: 8.6 8.1
Old : 100.0: 22.4 49.9 0.6 68.3 41.4 91.4 91.9: 8.6 8.1
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 34: 5 9 2 11 9 18 18:
Old : 34: 5 9 2 11 9 18 18:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 68.1 54.6 81.6 75.8 68.1 54.6 81.6 75.8
Old : 68.1 54.6 81.6 75.8 68.1 54.6 81.6 75.8
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
TX REC CRS V26 BACK HALF - NODAL EXCHANGE Code-006NHT
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : 1000 Texas RECs :
: : :
All : 9,431: 278 5,947 264 8,686 3,001 9,228 9,212: 203 219
Old : 9,431: 278 5,947 264 8,686 3,001 9,228 9,212: 203 219
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: -41: 4 26 4 -50 -72 -41 -41: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 2.9 63.1 2.8 92.1 31.8 97.8 97.7: 2.2 2.3
Old : 100.0: 2.9 63.1 2.8 92.1 31.8 97.8 97.7: 2.2 2.3
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 34: 4 8 4 14 9 21 18:
Old : 34: 4 8 4 14 9 21 18:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 69.1 64.2 83.1 85.7 67.6 63.8 81.6 85.3
Old : 69.1 64.2 83.1 85.7 67.6 63.8 81.6 85.3
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
TX REC CRS V27 BACK HALF - NODAL EXCHANGE Code-006NHU
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : 1000 Texas RECs :
: : :
All : 6,534: 840 3,963 44 5,377 2,250 6,261 6,257: 273 277
Old : 6,534: 840 3,963 44 5,377 2,250 6,261 6,257: 273 277
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 37: 9 25 4 25 9 37 37: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 12.9 60.7 0.7 82.3 34.4 95.8 95.8: 4.2 4.2
Old : 100.0: 12.9 60.7 0.7 82.3 34.4 95.8 95.8: 4.2 4.2
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 33: 7 5 1 14 8 22 13:
Old : 33: 7 5 1 14 8 22 13:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 58.6 76.8 76.8 92.6 56.9 76.8 75.2 91.9
Old : 58.6 76.8 76.8 92.6 56.9 76.8 75.2 91.9
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
TX REC CRS V28 BACK HALF - NODAL EXCHANGE Code-006NHV
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : 1000 Texas RECs :
: : :
All : 5,825: 1,776 2,864 218 3,604 2,501 5,597 5,582: 228 243
Old : 5,825: 1,776 2,864 218 3,604 2,501 5,597 5,582: 228 243
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: -66: -21 52 -20 -25 -98 -66 -66: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 30.5 49.2 3.7 61.9 42.9 96.1 95.8: 3.9 4.2
Old : 100.0: 30.5 49.2 3.7 61.9 42.9 96.1 95.8: 3.9 4.2
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 31: 8 3 3 14 8 23 13:
Old : 31: 8 3 3 14 8 23 13:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 48.4 73.9 72.8 89.9 46.8 73.1 68.2 86.2
Old : 48.4 73.9 72.8 89.9 46.8 73.1 68.2 86.2
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
TX REC CRS V29 BACK HALF - NODAL EXCHANGE Code-006NHW
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : 1000 Texas RECs :
: : :
All : 5,624: 1,376 2,837 265 3,835 2,398 5,476 5,501: 148 123
Old : 5,624: 1,376 2,837 265 3,835 2,398 5,476 5,501: 148 123
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 66: -58 6 74 50 -13 66 66: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 24.5 50.5 4.7 68.2 42.6 97.4 97.8: 2.6 2.2
Old : 100.0: 24.5 50.5 4.7 68.2 42.6 97.4 97.8: 2.6 2.2
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 30: 9 4 3 8 10 19 15:
Old : 30: 9 4 3 8 10 19 15:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 63.8 73.1 82.3 88.8 63.8 70.0 80.0 82.7
Old : 63.8 73.1 82.3 88.8 63.8 70.0 80.0 82.7
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
TX REC CRS V30 BACK HALF - NODAL EXCHANGE Code-006NHX
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : (1,000 MWh representing 1,000 Texas RECs :
: : :
All : 3,683: 1,589 1,135 54 1,905 2,367 3,548 3,556: 135 127
Old : 3,683: 1,589 1,135 54 1,905 2,367 3,548 3,556: 135 127
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: -1: -1 0 0 0 -1 -1 -1: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 43.2 30.8 1.5 51.7 64.3 96.3 96.6: 3.7 3.4
Old : 100.0: 43.2 30.8 1.5 51.7 64.3 96.3 96.6: 3.7 3.4
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 24: 6 3 1 8 9 14 13:
Old : 24: 6 3 1 8 9 14 13:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 64.6 78.8 85.1 92.7 52.5 74.1 71.6 81.7
Old : 64.6 78.8 85.1 92.7 52.5 74.1 71.6 81.7
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
TX REC CRS V26 FRONT HALF - NODAL EXCHANGE Code-006NHY
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : 1000 Texas RECs :
: : :
All : 8,118: 408 4,352 0 7,549 3,622 7,957 7,974: 161 144
Old : 8,118: 408 4,352 0 7,549 3,622 7,957 7,974: 161 144
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 0: -39 0 0 25 0 -14 0: 14 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 5.0 53.6 0.0 93.0 44.6 98.0 98.2: 2.0 1.8
Old : 100.0: 5.0 53.6 0.0 93.0 44.6 98.0 98.2: 2.0 1.8
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 32: 4 6 0 14 9 18 15:
Old : 32: 4 6 0 14 9 18 15:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 64.4 62.5 84.6 83.0 64.0 62.5 84.1 83.0
Old : 64.4 62.5 84.6 83.0 64.0 62.5 84.1 83.0
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
TX REC CRS V27 FRONT HALF - NODAL EXCHANGE Code-006NHZ
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : 1000 Texas RECs :
: : :
All : 6,828: 723 4,029 11 6,008 2,704 6,742 6,744: 86 84
Old : 6,828: 723 4,029 11 6,008 2,704 6,742 6,744: 86 84
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 52: -25 -1 1 76 52 52 52: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 10.6 59.0 0.2 88.0 39.6 98.7 98.8: 1.3 1.2
Old : 100.0: 10.6 59.0 0.2 88.0 39.6 98.7 98.8: 1.3 1.2
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 33: 4 6 1 15 9 20 15:
Old : 33: 4 6 1 15 9 20 15:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 60.4 70.2 83.0 91.1 60.4 70.2 83.0 90.7
Old : 60.4 70.2 83.0 91.1 60.4 70.2 83.0 90.7
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
TX REC CRS V28 FRONT HALF - NODAL EXCHANGE Code-006NJ1
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : 1000 Texas RECs :
: : :
All : 6,349: 492 2,810 46 5,565 3,286 6,103 6,142: 246 207
Old : 6,349: 492 2,810 46 5,565 3,286 6,103 6,142: 246 207
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: -50: -50 25 0 0 -75 -50 -50: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 7.7 44.3 0.7 87.7 51.8 96.1 96.7: 3.9 3.3
Old : 100.0: 7.7 44.3 0.7 87.7 51.8 96.1 96.7: 3.9 3.3
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 26: 4 4 1 12 8 17 12:
Old : 26: 4 4 1 12 8 17 12:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 61.8 79.3 81.9 94.1 61.0 79.3 81.0 93.4
Old : 61.8 79.3 81.9 94.1 61.0 79.3 81.0 93.4
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
TX REC CRS V29 FRONT HALF - NODAL EXCHANGE Code-006NJ2
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : 1000 Texas RECs :
: : :
All : 6,672: 1,581 2,308 0 4,955 4,234 6,536 6,542: 136 130
Old : 6,672: 1,581 2,308 0 4,955 4,234 6,536 6,542: 136 130
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: -39: -39 48 0 0 -64 -39 -16: 0 -23
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 23.7 34.6 0.0 74.3 63.5 98.0 98.1: 2.0 1.9
Old : 100.0: 23.7 34.6 0.0 74.3 63.5 98.0 98.1: 2.0 1.9
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 28: 6 3 0 9 10 15 13:
Old : 28: 6 3 0 9 10 15 13:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 62.5 84.4 87.1 94.3 62.5 84.4 87.1 94.3
Old : 62.5 84.4 87.1 94.3 62.5 84.4 87.1 94.3
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
TX REC CRS V30 FRONT HALF - NODAL EXCHANGE Code-006NJ3
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : 1000 Texas RECs :
: : :
All : 3,458: 1,038 1,097 0 2,280 2,225 3,318 3,322: 140 136
Old : 3,458: 1,038 1,097 0 2,280 2,225 3,318 3,322: 140 136
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 30.0 31.7 0.0 65.9 64.3 96.0 96.1: 4.0 3.9
Old : 100.0: 30.0 31.7 0.0 65.9 64.3 96.0 96.1: 4.0 3.9
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 25: 6 4 0 9 8 15 12:
Old : 25: 6 4 0 9 8 15 12:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 68.2 79.9 82.9 92.7 67.4 77.7 82.2 90.5
Old : 68.2 79.9 82.9 92.7 67.4 77.7 82.2 90.5
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
TX REC CRS V31 BACK HALF - NODAL EXCHANGE Code-006NKH
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : 1000 Texas RECs :
: : :
All : 1,816: 568 990 0 1,198 776 1,766 1,766: 50 50
Old : 1,816: 568 990 0 1,198 776 1,766 1,766: 50 50
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: .: . . . . . . .: . .
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 31.3 54.5 0.0 66.0 42.7 97.2 97.2: 2.8 2.8
Old : 100.0: 31.3 54.5 0.0 66.0 42.7 97.2 97.2: 2.8 2.8
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 20: 4 3 0 10 4 14 7:
Old : 20: 4 3 0 10 4 14 7:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 59.6 86.8 82.4 97.2 59.6 82.3 79.0 89.5
Old : 59.6 86.8 82.4 97.2 59.6 82.3 79.0 89.5
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
NEW JERSEY RECs CLASS 2 V2026 - NODAL EXCHANGE Code-006NLD
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : 100 MWh representing 100 NJ Class 2 RECs :
: : :
All : 9,930: 3,770 0 0 6,145 9,930 9,915 9,930: 15 0
Old : 9,930: 3,770 0 0 6,145 9,930 9,915 9,930: 15 0
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 38.0 0.0 0.0 61.9 100.0 99.8 100.0: 0.2 0.0
Old : 100.0: 38.0 0.0 0.0 61.9 100.0 99.8 100.0: 0.2 0.0
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 20: 5 0 0 11 4 16 4:
Old : 20: 5 0 0 11 4 16 4:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 51.6 100.0 84.2 100.0 51.6 100.0 84.2 100.0
Old : 51.6 100.0 84.2 100.0 51.6 100.0 84.2 100.0
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PENNSYLVANIA AEC TIER 2-V2026 - NODAL EXCHANGE Code-006NLV
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : (100 MWh = 100 Tier 2 AECs) :
: : :
All : 27,545: 9,936 11,642 0 17,609 15,903 27,545 27,545: 0 0
Old : 27,545: 9,936 11,642 0 17,609 15,903 27,545 27,545: 0 0
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 36.1 42.3 0.0 63.9 57.7 100.0 100.0: 0.0 0.0
Old : 100.0: 36.1 42.3 0.0 63.9 57.7 100.0 100.0: 0.0 0.0
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 32: 7 4 0 12 9 19 13:
Old : 32: 7 4 0 12 9 19 13:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 60.7 69.0 83.1 91.1 60.7 69.0 83.1 91.1
Old : 60.7 69.0 83.1 91.1 60.7 69.0 83.1 91.1
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PENNSYLVANIA AEC TIER 2-V2027 - NODAL EXCHANGE Code-006NMT
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : (100 MWh = 100 Tier 2 AECs) :
: : :
All : 18,569: 4,979 4,675 0 13,590 13,894 18,569 18,569: 0 0
Old : 18,569: 4,979 4,675 0 13,590 13,894 18,569 18,569: 0 0
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 26.8 25.2 0.0 73.2 74.8 100.0 100.0: 0.0 0.0
Old : 100.0: 26.8 25.2 0.0 73.2 74.8 100.0 100.0: 0.0 0.0
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 25: 3 3 0 13 6 16 9:
Old : 25: 3 3 0 13 6 16 9:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 55.8 86.0 83.8 99.5 55.8 86.0 83.8 99.5
Old : 55.8 86.0 83.8 99.5 55.8 86.0 83.8 99.5
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
ISONE.H.INTERNAL_HUB_mo_on_dap - NODAL EXCHANGE Code-064AAA
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : (Contracts of 400 MWh) :
: : :
All : 100,240: 12,101 3,690 2,180 77,174 85,568 91,455 91,438: 8,785 8,802
Old : 100,240: 12,101 3,690 2,180 77,174 85,568 91,455 91,438: 8,785 8,802
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 20: -60 150 60 4 -206 4 4: 16 16
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 12.1 3.7 2.2 77.0 85.4 91.2 91.2: 8.8 8.8
Old : 100.0: 12.1 3.7 2.2 77.0 85.4 91.2 91.2: 8.8 8.8
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 33: 2 4 3 23 25 27 30:
Old : 33: 2 4 3 23 25 27 30:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 75.1 43.8 85.6 63.2 68.6 38.4 74.2 56.3
Old : 75.1 43.8 85.6 63.2 68.6 38.4 74.2 56.3
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
ISONE.H.INTERNAL_HB_mo_off_dap - NODAL EXCHANGE Code-064AAB
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : (Contracts of 400 MWh) :
: : :
All : 88,617: 11,099 3,288 1,034 68,663 76,447 80,796 80,769: 7,821 7,848
Old : 88,617: 11,099 3,288 1,034 68,663 76,447 80,796 80,769: 7,821 7,848
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 170: -60 0 60 170 110 170 170: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 12.5 3.7 1.2 77.5 86.3 91.2 91.1: 8.8 8.9
Old : 100.0: 12.5 3.7 1.2 77.5 86.3 91.2 91.1: 8.8 8.9
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 32: 2 3 2 23 25 26 29:
Old : 32: 2 3 2 23 25 26 29:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 73.7 43.9 84.6 63.3 67.9 39.4 72.0 56.1
Old : 73.7 43.9 84.6 63.3 67.9 39.4 72.0 56.1
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
MISO.INDIANA.HUB_month_on_dap - NODAL EXCHANGE Code-064BFI
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 24,459: 0 3,464 660 21,286 16,960 21,946 21,084: 2,513 3,375
Old : 24,459: 0 3,464 660 21,286 16,960 21,946 21,084: 2,513 3,375
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 0: 0 -50 0 -50 0 -50 -50: 50 50
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 0.0 14.2 2.7 87.0 69.3 89.7 86.2: 10.3 13.8
Old : 100.0: 0.0 14.2 2.7 87.0 69.3 89.7 86.2: 10.3 13.8
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 22: 0 2 1 17 17 18 19:
Old : 22: 0 2 1 17 17 18 19:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 53.7 58.8 73.2 77.8 51.1 51.5 66.3 63.4
Old : 53.7 58.8 73.2 77.8 51.1 51.5 66.3 63.4
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
MISO.INDIANA.HUB_month_off_dap - NODAL EXCHANGE Code-064BFJ
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 23,034: 0 3,375 720 20,158 15,901 20,878 19,996: 2,156 3,038
Old : 23,034: 0 3,375 720 20,158 15,901 20,878 19,996: 2,156 3,038
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 0.0 14.7 3.1 87.5 69.0 90.6 86.8: 9.4 13.2
Old : 100.0: 0.0 14.7 3.1 87.5 69.0 90.6 86.8: 9.4 13.2
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 21: 0 2 2 16 15 18 17:
Old : 21: 0 2 2 16 15 18 17:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 52.0 62.2 70.5 80.7 50.3 53.6 64.9 64.7
Old : 52.0 62.2 70.5 80.7 50.3 53.6 64.9 64.7
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
NYISO.HUD VL_month_on_dap - NODAL EXCHANGE Code-064CXO
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 41,502: 495 12,432 1,519 33,807 22,134 35,821 36,085: 5,681 5,417
Old : 41,502: 495 12,432 1,519 33,807 22,134 35,821 36,085: 5,681 5,417
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 496: 0 300 0 -135 -435 -135 -135: 631 631
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 1.2 30.0 3.7 81.5 53.3 86.3 86.9: 13.7 13.1
Old : 100.0: 1.2 30.0 3.7 81.5 53.3 86.3 86.9: 13.7 13.1
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 34: 1 5 2 27 21 30 26:
Old : 34: 1 5 2 27 21 30 26:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 35.3 55.2 56.2 70.4 31.0 49.4 47.3 58.4
Old : 35.3 55.2 56.2 70.4 31.0 49.4 47.3 58.4
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
NYISO.HUD VL_month_off_dap - NODAL EXCHANGE Code-064CXP
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 37,744: 495 11,684 787 32,198 20,913 33,480 33,384: 4,264 4,360
Old : 37,744: 495 11,684 787 32,198 20,913 33,480 33,384: 4,264 4,360
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 424: 0 350 0 -43 -393 -43 -43: 467 467
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 1.3 31.0 2.1 85.3 55.4 88.7 88.4: 11.3 11.6
Old : 100.0: 1.3 31.0 2.1 85.3 55.4 88.7 88.4: 11.3 11.6
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 33: 1 5 2 25 21 28 26:
Old : 33: 1 5 2 25 21 28 26:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 36.0 56.3 60.0 70.3 31.8 51.3 49.9 57.8
Old : 36.0 56.3 60.0 70.3 31.8 51.3 49.9 57.8
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
NYISO.N.Y.C._month_on_dap - NODAL EXCHANGE Code-064CZS
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 23,621: 1,160 0 0 20,319 21,636 21,479 21,636: 2,142 1,985
Old : 23,621: 1,160 0 0 20,319 21,636 21,479 21,636: 2,142 1,985
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 324: 0 0 0 324 324 324 324: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 4.9 0.0 0.0 86.0 91.6 90.9 91.6: 9.1 8.4
Old : 100.0: 4.9 0.0 0.0 86.0 91.6 90.9 91.6: 9.1 8.4
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 27: 3 0 0 15 19 18 19:
Old : 27: 3 0 0 15 19 18 19:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 57.8 58.9 78.3 81.2 57.7 58.3 71.5 80.0
Old : 57.8 58.9 78.3 81.2 57.7 58.3 71.5 80.0
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
NYISO.N.Y.C._month_off_dap - NODAL EXCHANGE Code-064CZT
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 22,127: 850 0 70 19,240 20,092 20,160 20,162: 1,967 1,965
Old : 22,127: 850 0 70 19,240 20,092 20,160 20,162: 1,967 1,965
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 324: 0 0 0 324 324 324 324: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 3.8 0.0 0.3 87.0 90.8 91.1 91.1: 8.9 8.9
Old : 100.0: 3.8 0.0 0.3 87.0 90.8 91.1 91.1: 8.9 8.9
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 24: 3 0 1 14 17 17 18:
Old : 24: 3 0 1 14 17 17 18:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 58.0 59.9 79.0 81.4 57.9 59.4 72.3 78.1
Old : 58.0 59.9 79.0 81.4 57.9 59.4 72.3 78.1
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
NYISO.WEST_month_on_dap - NODAL EXCHANGE Code-064DEU
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 35,717: 4,062 4,030 3,150 26,648 27,341 33,860 34,521: 1,857 1,196
Old : 35,717: 4,062 4,030 3,150 26,648 27,341 33,860 34,521: 1,857 1,196
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 120: 0 0 0 120 120 120 120: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 11.4 11.3 8.8 74.6 76.5 94.8 96.7: 5.2 3.3
Old : 100.0: 11.4 11.3 8.8 74.6 76.5 94.8 96.7: 5.2 3.3
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 29: 1 3 2 19 19 21 23:
Old : 29: 1 3 2 19 19 21 23:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 62.8 52.4 80.3 76.7 40.0 38.1 51.9 50.2
Old : 62.8 52.4 80.3 76.7 40.0 38.1 51.9 50.2
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
NYISO.WEST_month_off_dap - NODAL EXCHANGE Code-064DEV
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 37,147: 5,110 4,020 1,650 29,069 30,454 35,829 36,124: 1,318 1,023
Old : 37,147: 5,110 4,020 1,650 29,069 30,454 35,829 36,124: 1,318 1,023
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 120: 0 0 0 120 120 120 120: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 13.8 10.8 4.4 78.3 82.0 96.5 97.2: 3.5 2.8
Old : 100.0: 13.8 10.8 4.4 78.3 82.0 96.5 97.2: 3.5 2.8
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 29: 1 3 2 19 18 21 22:
Old : 29: 1 3 2 19 18 21 22:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 68.3 54.7 87.0 77.8 48.6 41.4 62.4 57.9
Old : 68.3 54.7 87.0 77.8 48.6 41.4 62.4 57.9
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.AEP_month_on_dap - NODAL EXCHANGE Code-064DLQ
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 35,254: 2,460 4,161 300 31,786 30,393 34,546 34,854: 708 400
Old : 35,254: 2,460 4,161 300 31,786 30,393 34,546 34,854: 708 400
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 600: 0 600 0 600 0 600 600: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 7.0 11.8 0.9 90.2 86.2 98.0 98.9: 2.0 1.1
Old : 100.0: 7.0 11.8 0.9 90.2 86.2 98.0 98.9: 2.0 1.1
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 22: 1 1 1 17 6 19 7:
Old : 22: 1 1 1 17 6 19 7:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 63.0 94.5 80.0 98.9 63.0 93.1 80.0 96.7
Old : 63.0 94.5 80.0 98.9 63.0 93.1 80.0 96.7
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.AEP_month_off_dap - NODAL EXCHANGE Code-064DLR
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 35,224: 2,460 4,161 300 31,816 30,363 34,576 34,824: 648 400
Old : 35,224: 2,460 4,161 300 31,816 30,363 34,576 34,824: 648 400
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 600: 0 600 0 600 0 600 600: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 7.0 11.8 0.9 90.3 86.2 98.2 98.9: 1.8 1.1
Old : 100.0: 7.0 11.8 0.9 90.3 86.2 98.2 98.9: 1.8 1.1
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 22: 1 1 1 17 6 19 7:
Old : 22: 1 1 1 17 6 19 7:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 63.0 94.5 80.1 98.9 63.0 93.1 80.1 96.7
Old : 63.0 94.5 80.1 98.9 63.0 93.1 80.1 96.7
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.AEP-DAYTON HUB_mo_on_dap - NODAL EXCHANGE Code-064DLW
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 114,042: 6,146 9,295 4,915 85,767 82,069 96,828 96,279: 17,214 17,763
Old : 114,042: 6,146 9,295 4,915 85,767 82,069 96,828 96,279: 17,214 17,763
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 600: 600 0 0 0 600 600 600: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 5.4 8.2 4.3 75.2 72.0 84.9 84.4: 15.1 15.6
Old : 100.0: 5.4 8.2 4.3 75.2 72.0 84.9 84.4: 15.1 15.6
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 36: 4 3 3 18 23 22 29:
Old : 36: 4 3 3 18 23 22 29:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 53.7 45.4 71.6 61.0 46.2 36.3 56.1 49.5
Old : 53.7 45.4 71.6 61.0 46.2 36.3 56.1 49.5
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.AEP-DAYTON HUB_mo_off_dap - NODAL EXCHANGE Code-064DLX
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 109,676: 6,783 6,620 4,683 81,787 81,466 93,253 92,769: 16,423 16,907
Old : 109,676: 6,783 6,620 4,683 81,787 81,466 93,253 92,769: 16,423 16,907
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 600: 600 400 0 0 200 600 600: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 6.2 6.0 4.3 74.6 74.3 85.0 84.6: 15.0 15.4
Old : 100.0: 6.2 6.0 4.3 74.6 74.3 85.0 84.6: 15.0 15.4
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 36: 4 3 3 18 24 22 30:
Old : 36: 4 3 3 18 24 22 30:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 54.5 46.4 72.1 60.8 46.6 37.2 55.2 48.1
Old : 54.5 46.4 72.1 60.8 46.6 37.2 55.2 48.1
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.APS_month_on_dap - NODAL EXCHANGE Code-064DMY
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 12,837: 1,970 1,340 110 9,357 10,847 11,437 12,297: 1,400 540
Old : 12,837: 1,970 1,340 110 9,357 10,847 11,437 12,297: 1,400 540
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 15.3 10.4 0.9 72.9 84.5 89.1 95.8: 10.9 4.2
Old : 100.0: 15.3 10.4 0.9 72.9 84.5 89.1 95.8: 10.9 4.2
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 20: 2 1 1 16 7 19 8:
Old : 20: 2 1 1 16 7 19 8:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 43.9 86.9 68.0 95.8 43.9 78.3 64.3 83.0
Old : 43.9 86.9 68.0 95.8 43.9 78.3 64.3 83.0
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.APS_month_off_dap - NODAL EXCHANGE Code-064DMZ
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 12,774: 1,970 1,340 110 9,354 10,844 11,434 12,294: 1,340 480
Old : 12,774: 1,970 1,340 110 9,354 10,844 11,434 12,294: 1,340 480
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 15.4 10.5 0.9 73.2 84.9 89.5 96.2: 10.5 3.8
Old : 100.0: 15.4 10.5 0.9 73.2 84.9 89.5 96.2: 10.5 3.8
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 20: 2 1 1 16 7 19 8:
Old : 20: 2 1 1 16 7 19 8:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 43.4 87.6 68.1 96.2 43.4 78.4 63.8 82.5
Old : 43.4 87.6 68.1 96.2 43.4 78.4 63.8 82.5
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.BGE_month_on_dap - NODAL EXCHANGE Code-064DPQ
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 29,553: 2,895 2,300 1,058 24,163 24,815 28,116 28,173: 1,437 1,380
Old : 29,553: 2,895 2,300 1,058 24,163 24,815 28,116 28,173: 1,437 1,380
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 100: 0 70 -50 90 30 40 50: 60 50
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 9.8 7.8 3.6 81.8 84.0 95.1 95.3: 4.9 4.7
Old : 100.0: 9.8 7.8 3.6 81.8 84.0 95.1 95.3: 4.9 4.7
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 22: 2 2 1 17 9 20 11:
Old : 22: 2 2 1 17 9 20 11:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 52.4 92.2 71.3 94.8 51.7 88.1 70.0 88.2
Old : 52.4 92.2 71.3 94.8 51.7 88.1 70.0 88.2
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.BGE_month_off_dap - NODAL EXCHANGE Code-064DPR
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 29,690: 2,895 2,300 1,058 24,045 24,750 27,998 28,108: 1,692 1,582
Old : 29,690: 2,895 2,300 1,058 24,045 24,750 27,998 28,108: 1,692 1,582
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 100: 0 70 -50 100 30 50 50: 50 50
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 9.8 7.7 3.6 81.0 83.4 94.3 94.7: 5.7 5.3
Old : 100.0: 9.8 7.7 3.6 81.0 83.4 94.3 94.7: 5.7 5.3
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 22: 2 2 1 17 9 20 11:
Old : 22: 2 2 1 17 9 20 11:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 51.3 91.3 69.8 94.1 50.8 86.7 68.0 86.7
Old : 51.3 91.3 69.8 94.1 50.8 86.7 68.0 86.7
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.DOM_month_on_dap - NODAL EXCHANGE Code-064DZS
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 14,365: 1,595 2,640 260 11,440 10,450 13,295 13,350: 1,070 1,015
Old : 14,365: 1,595 2,640 260 11,440 10,450 13,295 13,350: 1,070 1,015
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 20: 0 20 0 0 0 0 20: 20 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 11.1 18.4 1.8 79.6 72.7 92.6 92.9: 7.4 7.1
Old : 100.0: 11.1 18.4 1.8 79.6 72.7 92.6 92.9: 7.4 7.1
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 21: 2 2 1 16 12 19 14:
Old : 21: 2 2 1 16 12 19 14:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 61.2 70.6 78.1 88.7 52.8 59.2 64.4 67.0
Old : 61.2 70.6 78.1 88.7 52.8 59.2 64.4 67.0
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.DOM_month_off_dap - NODAL EXCHANGE Code-064DZT
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 14,795: 1,595 2,655 245 11,810 10,815 13,650 13,715: 1,145 1,080
Old : 14,795: 1,595 2,655 245 11,810 10,815 13,650 13,715: 1,145 1,080
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 20: 0 20 0 0 0 0 20: 20 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 10.8 17.9 1.7 79.8 73.1 92.3 92.7: 7.7 7.3
Old : 100.0: 10.8 17.9 1.7 79.8 73.1 92.3 92.7: 7.7 7.3
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 21: 2 2 1 17 12 20 14:
Old : 21: 2 2 1 17 12 20 14:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 59.3 69.5 77.9 88.5 56.1 60.4 68.3 72.2
Old : 59.3 69.5 77.9 88.5 56.1 60.4 68.3 72.2
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.JCPL_month_on_dap - NODAL EXCHANGE Code-064EJI
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 39,364: 5,265 5,225 637 30,765 31,800 36,667 37,662: 2,697 1,702
Old : 39,364: 5,265 5,225 637 30,765 31,800 36,667 37,662: 2,697 1,702
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 540: 0 0 0 540 540 540 540: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 13.4 13.3 1.6 78.2 80.8 93.1 95.7: 6.9 4.3
Old : 100.0: 13.4 13.3 1.6 78.2 80.8 93.1 95.7: 6.9 4.3
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 29: 4 1 1 19 16 23 18:
Old : 29: 4 1 1 19 16 23 18:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 54.5 71.9 71.0 88.5 51.5 70.5 68.0 82.3
Old : 54.5 71.9 71.0 88.5 51.5 70.5 68.0 82.3
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.JCPL_month_off_dap - NODAL EXCHANGE Code-064EJJ
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 37,785: 4,948 5,225 652 29,795 30,465 35,395 36,342: 2,390 1,443
Old : 37,785: 4,948 5,225 652 29,795 30,465 35,395 36,342: 2,390 1,443
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 540: 0 0 0 540 540 540 540: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 13.1 13.8 1.7 78.9 80.6 93.7 96.2: 6.3 3.8
Old : 100.0: 13.1 13.8 1.7 78.9 80.6 93.7 96.2: 6.3 3.8
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 29: 4 1 1 19 16 23 18:
Old : 29: 4 1 1 19 16 23 18:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 55.3 70.6 71.8 88.2 52.0 69.2 68.6 81.6
Old : 55.3 70.6 71.8 88.2 52.0 69.2 68.6 81.6
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.METED_month_on_dap - NODAL EXCHANGE Code-064EOW
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 23,825: 590 3,395 765 20,812 18,786 22,167 22,946: 1,658 879
Old : 23,825: 590 3,395 765 20,812 18,786 22,167 22,946: 1,658 879
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 220: 0 0 0 220 220 220 220: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 2.5 14.2 3.2 87.4 78.8 93.0 96.3: 7.0 3.7
Old : 100.0: 2.5 14.2 3.2 87.4 78.8 93.0 96.3: 7.0 3.7
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 25: 1 4 2 18 12 21 16:
Old : 25: 1 4 2 18 12 21 16:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 62.9 63.1 74.8 83.7 52.0 57.0 61.6 68.7
Old : 62.9 63.1 74.8 83.7 52.0 57.0 61.6 68.7
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.METED_month_off_dap - NODAL EXCHANGE Code-064EOX
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 24,099: 590 3,325 835 21,027 19,061 22,452 23,221: 1,647 878
Old : 24,099: 590 3,325 835 21,027 19,061 22,452 23,221: 1,647 878
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 210: 0 0 0 210 210 210 210: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 2.4 13.8 3.5 87.3 79.1 93.2 96.4: 6.8 3.6
Old : 100.0: 2.4 13.8 3.5 87.3 79.1 93.2 96.4: 6.8 3.6
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 25: 1 4 2 18 13 21 17:
Old : 25: 1 4 2 18 13 21 17:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 63.4 63.1 74.9 83.7 49.6 56.3 61.0 67.9
Old : 63.4 63.1 74.9 83.7 49.6 56.3 61.0 67.9
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.N ILLINOIS HUB_mo_on_dap - NODAL EXCHANGE Code-064ERM
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 69,070: 1,080 145 0 62,266 63,220 63,346 63,365: 5,724 5,705
Old : 69,070: 1,080 145 0 62,266 63,220 63,346 63,365: 5,724 5,705
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 375: 0 0 0 375 375 375 375: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 1.6 0.2 0.0 90.1 91.5 91.7 91.7: 8.3 8.3
Old : 100.0: 1.6 0.2 0.0 90.1 91.5 91.7 91.7: 8.3 8.3
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 29: 1 2 0 17 21 18 23:
Old : 29: 1 2 0 17 21 18 23:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 62.1 66.1 83.0 81.8 58.9 64.8 74.9 77.4
Old : 62.1 66.1 83.0 81.8 58.9 64.8 74.9 77.4
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.N ILLINOIS HUB_mo_off_dap - NODAL EXCHANGE Code-064ERN
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 65,407: 570 145 0 59,023 59,467 59,593 59,612: 5,814 5,795
Old : 65,407: 570 145 0 59,023 59,467 59,593 59,612: 5,814 5,795
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 375: 0 0 0 375 375 375 375: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 0.9 0.2 0.0 90.2 90.9 91.1 91.1: 8.9 8.9
Old : 100.0: 0.9 0.2 0.0 90.2 90.9 91.1 91.1: 8.9 8.9
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 28: 1 2 0 17 20 18 22:
Old : 28: 1 2 0 17 20 18 22:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 64.2 65.4 84.8 79.8 60.1 64.7 78.1 77.9
Old : 64.2 65.4 84.8 79.8 60.1 64.7 78.1 77.9
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.PECO_month_on_dap - NODAL EXCHANGE Code-064EUY
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 148,917: 50,725 1,670 55 91,829 141,176 142,609 142,901: 6,308 6,016
Old : 148,917: 50,725 1,670 55 91,829 141,176 142,609 142,901: 6,308 6,016
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 250: 200 0 0 185 385 385 385: -135 -135
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 34.1 1.1 0.0 61.7 94.8 95.8 96.0: 4.2 4.0
Old : 100.0: 34.1 1.1 0.0 61.7 94.8 95.8 96.0: 4.2 4.0
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 36: 3 4 1 24 17 28 21:
Old : 36: 3 4 1 24 17 28 21:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 64.0 81.4 77.8 92.6 54.1 76.7 66.2 81.6
Old : 64.0 81.4 77.8 92.6 54.1 76.7 66.2 81.6
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.PECO_month_off_dap - NODAL EXCHANGE Code-064EUZ
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 151,566: 56,875 1,405 223 88,332 144,094 145,430 145,722: 6,136 5,844
Old : 151,566: 56,875 1,405 223 88,332 144,094 145,430 145,722: 6,136 5,844
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 325: 200 0 0 260 460 460 460: -135 -135
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 37.5 0.9 0.1 58.3 95.1 96.0 96.1: 4.0 3.9
Old : 100.0: 37.5 0.9 0.1 58.3 95.1 96.0 96.1: 4.0 3.9
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 36: 3 4 3 24 17 29 22:
Old : 36: 3 4 3 24 17 29 22:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 65.6 82.2 78.6 92.7 56.0 74.2 66.2 78.7
Old : 65.6 82.2 78.6 92.7 56.0 74.2 66.2 78.7
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.PENELEC_month_on_dap - NODAL EXCHANGE Code-064EVA
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 23,827: 14,107 0 300 7,445 22,467 21,852 22,767: 1,975 1,060
Old : 23,827: 14,107 0 300 7,445 22,467 21,852 22,767: 1,975 1,060
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 59.2 0.0 1.3 31.2 94.3 91.7 95.6: 8.3 4.4
Old : 100.0: 59.2 0.0 1.3 31.2 94.3 91.7 95.6: 8.3 4.4
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 26: 3 0 1 16 15 19 16:
Old : 26: 3 0 1 16 15 19 16:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 70.5 76.6 81.7 90.5 68.9 74.9 79.4 87.0
Old : 70.5 76.6 81.7 90.5 68.9 74.9 79.4 87.0
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.PENELEC_month_off_dap - NODAL EXCHANGE Code-064EVB
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 23,802: 14,107 0 300 7,450 22,437 21,857 22,737: 1,945 1,065
Old : 23,802: 14,107 0 300 7,450 22,437 21,857 22,737: 1,945 1,065
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 59.3 0.0 1.3 31.3 94.3 91.8 95.5: 8.2 4.5
Old : 100.0: 59.3 0.0 1.3 31.3 94.3 91.8 95.5: 8.2 4.5
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 25: 3 0 1 16 14 19 15:
Old : 25: 3 0 1 16 14 19 15:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 70.6 76.7 81.8 90.6 69.1 75.0 79.4 86.7
Old : 70.6 76.7 81.8 90.6 69.1 75.0 79.4 86.7
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.PEPCO_month_on_dap - NODAL EXCHANGE Code-064EVG
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 24,000: 1,830 7,620 1,625 18,565 13,335 22,020 22,580: 1,980 1,420
Old : 24,000: 1,830 7,620 1,625 18,565 13,335 22,020 22,580: 1,980 1,420
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 560: 20 830 -20 500 -250 500 560: 60 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 7.6 31.8 6.8 77.4 55.6 91.8 94.1: 8.3 5.9
Old : 100.0: 7.6 31.8 6.8 77.4 55.6 91.8 94.1: 8.3 5.9
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 27: 2 2 2 19 15 22 18:
Old : 27: 2 2 2 19 15 22 18:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 47.7 60.1 69.2 82.6 45.2 49.5 61.2 69.4
Old : 47.7 60.1 69.2 82.6 45.2 49.5 61.2 69.4
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.PEPCO_month_off_dap - NODAL EXCHANGE Code-064EVH
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 23,980: 1,830 7,600 1,645 18,530 13,295 22,005 22,540: 1,975 1,440
Old : 23,980: 1,830 7,600 1,645 18,530 13,295 22,005 22,540: 1,975 1,440
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 560: 20 830 -20 500 -250 500 560: 60 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 7.6 31.7 6.9 77.3 55.4 91.8 94.0: 8.2 6.0
Old : 100.0: 7.6 31.7 6.9 77.3 55.4 91.8 94.0: 8.2 6.0
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 27: 2 2 2 19 15 22 18:
Old : 27: 2 2 2 19 15 22 18:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 47.8 60.0 69.6 82.5 45.2 49.4 61.1 68.9
Old : 47.8 60.0 69.6 82.5 45.2 49.4 61.1 68.9
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.PPL_month_on_dap - NODAL EXCHANGE Code-064EWU
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 63,424: 0 1,370 1,945 59,224 58,676 61,169 61,991: 2,255 1,433
Old : 63,424: 0 1,370 1,945 59,224 58,676 61,169 61,991: 2,255 1,433
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 120: -40 -190 240 -80 70 120 120: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 0.0 2.2 3.1 93.4 92.5 96.4 97.7: 3.6 2.3
Old : 100.0: 0.0 2.2 3.1 93.4 92.5 96.4 97.7: 3.6 2.3
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 35: 0 4 2 25 19 27 23:
Old : 35: 0 4 2 25 19 27 23:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 65.2 53.2 80.5 76.2 65.1 52.8 79.9 74.7
Old : 65.2 53.2 80.5 76.2 65.1 52.8 79.9 74.7
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.PPL_month_off_dap - NODAL EXCHANGE Code-064EWV
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 64,669: 0 613 2,360 59,965 60,197 62,325 63,170: 2,344 1,499
Old : 64,669: 0 613 2,360 59,965 60,197 62,325 63,170: 2,344 1,499
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 180: -40 -190 240 -20 130 180 180: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 0.0 0.9 3.6 92.7 93.1 96.4 97.7: 3.6 2.3
Old : 100.0: 0.0 0.9 3.6 92.7 93.1 96.4 97.7: 3.6 2.3
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 35: 0 4 2 24 19 26 23:
Old : 35: 0 4 2 24 19 26 23:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 65.8 54.8 80.0 77.2 65.7 54.5 79.4 75.9
Old : 65.8 54.8 80.0 77.2 65.7 54.5 79.4 75.9
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.PSEG_month_on_dap - NODAL EXCHANGE Code-064EXE
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 82,726: 6,635 4,025 2,740 63,265 65,953 72,640 72,718: 10,086 10,008
Old : 82,726: 6,635 4,025 2,740 63,265 65,953 72,640 72,718: 10,086 10,008
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 480: 0 20 -10 530 510 520 520: -40 -40
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 8.0 4.9 3.3 76.5 79.7 87.8 87.9: 12.2 12.1
Old : 100.0: 8.0 4.9 3.3 76.5 79.7 87.8 87.9: 12.2 12.1
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 36: 5 2 4 24 21 30 26:
Old : 36: 5 2 4 24 21 30 26:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 34.6 49.1 56.3 76.0 29.5 42.7 45.6 59.8
Old : 34.6 49.1 56.3 76.0 29.5 42.7 45.6 59.8
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.PSEG_month_off_dap - NODAL EXCHANGE Code-064EXF
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 80,127: 6,230 3,430 2,860 60,723 63,601 69,813 69,891: 10,314 10,236
Old : 80,127: 6,230 3,430 2,860 60,723 63,601 69,813 69,891: 10,314 10,236
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 405: 0 0 0 440 440 440 440: -35 -35
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 7.8 4.3 3.6 75.8 79.4 87.1 87.2: 12.9 12.8
Old : 100.0: 7.8 4.3 3.6 75.8 79.4 87.1 87.2: 12.9 12.8
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 36: 4 3 4 24 21 30 26:
Old : 36: 4 3 4 24 21 30 26:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 33.2 51.3 54.7 75.2 28.5 43.0 44.8 58.9
Old : 33.2 51.3 54.7 75.2 28.5 43.0 44.8 58.9
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.WESTERN HUB_month_on_dap - NODAL EXCHANGE Code-064FHK
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 266,224: 9,457 55,397 6,379 201,169 154,986 217,005 216,762: 49,219 49,462
Old : 266,224: 9,457 55,397 6,379 201,169 154,986 217,005 216,762: 49,219 49,462
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 65: 50 -510 -245 522 1,082 327 327: -262 -262
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 3.6 20.8 2.4 75.6 58.2 81.5 81.4: 18.5 18.6
Old : 100.0: 3.6 20.8 2.4 75.6 58.2 81.5 81.4: 18.5 18.6
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 50: 6 5 7 31 36 40 45:
Old : 50: 6 5 7 31 36 40 45:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 46.0 37.5 60.4 55.1 40.4 31.6 49.1 46.1
Old : 46.0 37.5 60.4 55.1 40.4 31.6 49.1 46.1
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.WESTERN HUB_month_off_dap - NODAL EXCHANGE Code-064FHL
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 266,109: 7,552 65,577 5,327 205,997 147,664 218,876 218,568: 47,233 47,541
Old : 266,109: 7,552 65,577 5,327 205,997 147,664 218,876 218,568: 47,233 47,541
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 235: 20 -530 -190 617 1,167 447 447: -212 -212
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 2.8 24.6 2.0 77.4 55.5 82.3 82.1: 17.7 17.9
Old : 100.0: 2.8 24.6 2.0 77.4 55.5 82.3 82.1: 17.7 17.9
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 49: 6 5 7 29 35 38 44:
Old : 49: 6 5 7 29 35 38 44:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 48.8 40.1 62.8 54.8 41.2 33.5 48.9 45.7
Old : 48.8 40.1 62.8 54.8 41.2 33.5 48.9 45.7
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
MISO.INDIANA.HUB_month_on_rtp - NODAL EXCHANGE Code-064FJY
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 34,540: 1,550 7,485 390 30,389 24,509 32,329 32,384: 2,211 2,156
Old : 34,540: 1,550 7,485 390 30,389 24,509 32,329 32,384: 2,211 2,156
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 4.5 21.7 1.1 88.0 71.0 93.6 93.8: 6.4 6.2
Old : 100.0: 4.5 21.7 1.1 88.0 71.0 93.6 93.8: 6.4 6.2
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 21: 1 2 1 17 14 19 16:
Old : 21: 1 2 1 17 14 19 16:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 55.0 70.1 77.5 88.5 44.7 52.1 55.6 58.3
Old : 55.0 70.1 77.5 88.5 44.7 52.1 55.6 58.3
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
MISO.INDIANA.HUB_month_off_rtp - NODAL EXCHANGE Code-064FJZ
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 32,921: 1,550 7,360 115 30,167 24,267 31,832 31,742: 1,089 1,179
Old : 32,921: 1,550 7,360 115 30,167 24,267 31,832 31,742: 1,089 1,179
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 4.7 22.4 0.3 91.6 73.7 96.7 96.4: 3.3 3.6
Old : 100.0: 4.7 22.4 0.3 91.6 73.7 96.7 96.4: 3.3 3.6
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 22: 1 1 1 18 16 20 17:
Old : 22: 1 1 1 18 16 20 17:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 57.5 69.4 78.3 87.3 43.7 51.7 54.3 59.3
Old : 57.5 69.4 78.3 87.3 43.7 51.7 54.3 59.3
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.AEP-DAYTON HUB_mo_on_rtp - NODAL EXCHANGE Code-064FKA
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 91,937: 29,872 2,615 963 51,111 78,496 81,946 82,074: 9,991 9,863
Old : 91,937: 29,872 2,615 963 51,111 78,496 81,946 82,074: 9,991 9,863
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 249: 600 0 0 -401 199 199 199: 50 50
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 32.5 2.8 1.0 55.6 85.4 89.1 89.3: 10.9 10.7
Old : 100.0: 32.5 2.8 1.0 55.6 85.4 89.1 89.3: 10.9 10.7
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 39: 6 4 4 27 27 34 34:
Old : 39: 6 4 4 27 27 34 34:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 52.5 56.3 64.9 72.2 37.7 39.7 46.0 50.3
Old : 52.5 56.3 64.9 72.2 37.7 39.7 46.0 50.3
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.AEP-DAYTON HUB_mo_off_rtp - NODAL EXCHANGE Code-064FKB
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 92,338: 25,710 2,290 1,760 54,767 78,182 82,237 82,232: 10,101 10,106
Old : 92,338: 25,710 2,290 1,760 54,767 78,182 82,237 82,232: 10,101 10,106
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 0: 695 -305 305 -1,050 -50 -50 -50: 50 50
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 27.8 2.5 1.9 59.3 84.7 89.1 89.1: 10.9 10.9
Old : 100.0: 27.8 2.5 1.9 59.3 84.7 89.1 89.1: 10.9 10.9
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 38: 6 4 5 24 25 31 33:
Old : 38: 6 4 5 24 25 31 33:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 52.6 55.3 70.0 69.7 39.6 40.3 46.2 48.9
Old : 52.6 55.3 70.0 69.7 39.6 40.3 46.2 48.9
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.N ILLINOIS HUB_mo_on_rtp - NODAL EXCHANGE Code-064FKC
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 75,284: 1,985 1,220 840 64,663 65,538 67,488 67,598: 7,796 7,686
Old : 75,284: 1,985 1,220 840 64,663 65,538 67,488 67,598: 7,796 7,686
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: -170: 0 0 0 -170 -170 -170 -170: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 2.6 1.6 1.1 85.9 87.1 89.6 89.8: 10.4 10.2
Old : 100.0: 2.6 1.6 1.1 85.9 87.1 89.6 89.8: 10.4 10.2
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 28: 2 2 3 20 21 24 24:
Old : 28: 2 2 3 20 21 24 24:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 50.5 53.8 72.1 71.5 40.7 39.2 55.2 49.5
Old : 50.5 53.8 72.1 71.5 40.7 39.2 55.2 49.5
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.N ILLINOIS HUB_mo_off_rtp - NODAL EXCHANGE Code-064FKD
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 71,082: 3,605 1,095 1,010 58,656 61,466 63,271 63,571: 7,811 7,511
Old : 71,082: 3,605 1,095 1,010 58,656 61,466 63,271 63,571: 7,811 7,511
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 605: 0 0 0 605 605 605 605: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 5.1 1.5 1.4 82.5 86.5 89.0 89.4: 11.0 10.6
Old : 100.0: 5.1 1.5 1.4 82.5 86.5 89.0 89.4: 11.0 10.6
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 27: 3 2 3 20 19 25 22:
Old : 27: 3 2 3 20 19 25 22:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 45.4 57.6 66.2 73.7 37.2 43.8 51.0 51.6
Old : 45.4 57.6 66.2 73.7 37.2 43.8 51.0 51.6
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.WESTERN HUB_month_on_rtp - NODAL EXCHANGE Code-064FKE
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 241,246: 25,257 29,766 2,951 185,479 180,850 213,687 213,567: 27,559 27,679
Old : 241,246: 25,257 29,766 2,951 185,479 180,850 213,687 213,567: 27,559 27,679
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 60: 75 375 -75 -65 -365 -65 -65: 125 125
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 10.5 12.3 1.2 76.9 75.0 88.6 88.5: 11.4 11.5
Old : 100.0: 10.5 12.3 1.2 76.9 75.0 88.6 88.5: 11.4 11.5
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 49: 9 4 4 30 34 41 40:
Old : 49: 9 4 4 30 34 41 40:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 39.6 40.8 55.9 59.6 34.9 35.8 48.4 46.4
Old : 39.6 40.8 55.9 59.6 34.9 35.8 48.4 46.4
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PJM.WESTERN HUB_month_off_rtp - NODAL EXCHANGE Code-064FKF
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 208,746: 29,906 25,529 2,528 149,525 153,964 181,959 182,021: 26,787 26,725
Old : 208,746: 29,906 25,529 2,528 149,525 153,964 181,959 182,021: 26,787 26,725
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: -671: -900 250 105 166 -984 -629 -629: -42 -42
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 14.3 12.2 1.2 71.6 73.8 87.2 87.2: 12.8 12.8
Old : 100.0: 14.3 12.2 1.2 71.6 73.8 87.2 87.2: 12.8 12.8
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 47: 7 4 5 31 31 41 37:
Old : 47: 7 4 5 31 31 41 37:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 41.9 44.8 60.2 62.4 40.3 41.6 52.9 52.4
Old : 41.9 44.8 60.2 62.4 40.3 41.6 52.9 52.4
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
ERCOT.HB_NORTH_month_on_rtp - NODAL EXCHANGE Code-064FOK
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 82,434: 2,025 3,200 75 68,578 67,408 70,678 70,683: 11,756 11,751
Old : 82,434: 2,025 3,200 75 68,578 67,408 70,678 70,683: 11,756 11,751
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 2.5 3.9 0.1 83.2 81.8 85.7 85.7: 14.3 14.3
Old : 100.0: 2.5 3.9 0.1 83.2 81.8 85.7 85.7: 14.3 14.3
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 26: 1 3 2 19 20 21 24:
Old : 26: 1 3 2 19 20 21 24:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 64.2 45.2 78.3 65.7 57.4 42.3 63.2 56.0
Old : 64.2 45.2 78.3 65.7 57.4 42.3 63.2 56.0
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
ERCOT.HB_NORTH_month_off_rtp - NODAL EXCHANGE Code-064FOL
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 81,393: 25 2,400 0 73,209 70,659 73,234 73,059: 8,159 8,334
Old : 81,393: 25 2,400 0 73,209 70,659 73,234 73,059: 8,159 8,334
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 0.0 2.9 0.0 89.9 86.8 90.0 89.8: 10.0 10.2
Old : 100.0: 0.0 2.9 0.0 89.9 86.8 90.0 89.8: 10.0 10.2
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 22: 1 1 0 16 18 17 19:
Old : 22: 1 1 0 16 18 17 19:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 75.0 50.6 85.2 70.4 66.8 48.2 70.4 63.5
Old : 75.0 50.6 85.2 70.4 66.8 48.2 70.4 63.5
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
ERCOT.HB_NORTH_month_7x8_rtp - NODAL EXCHANGE Code-064GBD
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 30, 2025
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : Megawatt Hours (MWh) :
: : :
All : 31,375: 8,950 0 0 20,465 29,595 29,415 29,595: 1,960 1,780
Old : 31,375: 8,950 0 0 20,465 29,595 29,415 29,595: 1,960 1,780
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: December 23, 2025 :
: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 28.5 0.0 0.0 65.2 94.3 93.8 94.3: 6.2 5.7
Old : 100.0: 28.5 0.0 0.0 65.2 94.3 93.8 94.3: 6.2 5.7
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 22: 2 0 0 16 14 18 14:
Old : 22: 2 0 0 16 14 18 14:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 56.2 71.4 75.5 89.7 39.7 53.9 51.0 59.4
Old : 56.2 71.4 75.5 89.7 39.7 53.9 51.0 59.4
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Updated January 05, 2026