ACE Crude Oil - Nov 02, 2020

Below is an illustration trading futures options on Crude Oil.  Our post shows bullish and bearish positions using a combination of call and put options.


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Trade Options on Futures

Crude Oil * Directional & Neutral Positions

Get your copy of Paul Forchione's book, "Special Setups".  Learn techniques from a professional options trader to manage risk while speculating on futures markets.

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Term Structure

wti crude oil price term


Volatility

cl optv

cl qs iv

cl skew


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).

* Tip: Click here to read a helpful tip about Crude Oil futures and options


Charts

cl weekly

cl daily

cl quikstrike

* Tip: Click here on enlarging images


Strategies

The % yield shown in the diagrams below represent an estimated return on margin from projected dates shown below. The structure has positive time decay which is an advantage over holding outright options.

Option Spreads in the Market

Below is a quick glimpse on particular spreads that stand out in the markets.  You can see this from the number of bid - offer activity and open interest as we explain in our podcast.

cl shift 11 03 20

Bull Put

cl bullput 30 delta

Bull Call

cl bullcall 30 delta

Broken Wing Butterfly

cl bfly

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