Learn the ACE Program
Crude Oil * Directional Position
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Term Structure
Contango.
Volatility
Crude Oil implied volatility has slowed below historic levels.
Notes:
Contract Size - 1,000 barrels.
Tick Size: Outright: dollars and cents with 0.01 points=$10
Trading Hours: CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (CST).
?ml=1" class="modal_link" data-modal-class-name="no_title">* Tip: Click here to read a helpful tip about Crude Oil futures and options
Crude Oil
Below is the CL charts for reference with market moving in a tight range.
Strategies -
Below are illustrations of Vertical Spreads based on a 1 lot. These are explained in Paul's book, "Using Futures Options for Day Trading & Hedging".
For illustration, compare against purchasing 2 x March Calls
An illustration of a Strangle Swap using front and deferred month combinations. Position is projected as being held till end of month and would be adjusted if markets moved to extremes in the range.
Below is a link to CME settlement prices last Friday.