ZoharCho

Strangle on Oil futures

ZoharCho Updated   
NYMEX:CL1!   Light Crude Oil Futures
The oil price is going sideways at the moment. The implied volatility is relatively high. I choose a strangle with an 85% probability to finish in the green zone, between the $48-$69 prices in the next 41 days.

I have a follow-up action if the implied volatility will go higher or the price will move sharply up or down.
Always diversify your trades.
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