ACE Crude Oil - Aug 16, 2021

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

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Crude Oil


Term Structure

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Commitment of Traders Report

View full report from the side bar on our WatchList

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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


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Latest, Biggest, Busiest

Below is a snapshot with what's going on in the world of options with the most actively traded spreads.

Enlarge by right clicking mouse over each image and select 'open in a new tab'

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Below is a Oct21 CL 72/74 Call Spread shown in the middle column above.  I've listed alternatives below.

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* Tip: Click here on enlarging images

Option Strategies

Below are alternate strategies to above.

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.

Strangle Swap

The position illustrated below is a Strangle Swap.  Position has positive time decay (Theta) and benefits from an increase in implied volatility. In the ACE Program and eBook, learn how to manage this structure.

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Calendarized Fly

The position below is somewhat neutral on volatility given we're in August and have little to moderate expectations till OPEC's meeting next month.

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