looking at chart you can see the spread in the oil front to back contracts displayed is normally closer to 0, currently the spread is around -3. So the idea is to buy the front month CL contract and sell the Z contract.
This also can be done with short options adding a decay component, contact me if you like further details on the option trade
This also can be done with short options adding a decay component, contact me if you like further details on the option trade
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.