Sign Up

Sign up to receive free updates from the Rational Speculator.

Unsubscribe at anytime.

Sign Up

Sign up to receive free updates from the Rational Speculator.

Unsubscribe at anytime.

Selling a Crude Oil Strangle

Crude’s volatility has picked up making its options richer. I am taking advantage by selling November premium. I anticipate buying back the strangle for a debit which will be less than the initial credit received. This will likely be possible as time passes, volatility decreases and if the price of crude does not make a severe unidirectional move.

Sold /CL Nov 36P/42C strangle for a 3.57 credit.

Share on twitter
Twitter