ToshihiroHiramatsu

Crude oil will be up 5-6% - options market gives clues

Long
TVC:USOIL   CFDs on WTI Crude Oil
The options market is a very important aspect of how hedge funds and other large speculators place their bets on the underlying asset.
The 25 delta skew on crude oil suggests high implied volatility and given the >1.2 call:put ratio of the 10-15% strike price +/- from current trading price, it means that volatility to the upside is likely.
I expect a 5-6% gain the WTI crude oil within the next 1 - 2 weeks which is when these options expire (MAR - 2024).
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