I'm dreaming of some crude movement, just like the moves we used to know! Where the options glisten and traders risking, see the premiums start to grow. I'm dreaming of some crude movement, with every option spread I write. May your trades be merry and right. And may all of your option trades go right.
Oil prices start to round off at the lower end of the trading range and start to make a decisive move higher just as crude option volatility hits a low for the year. Crude option volatility fell below 25% as oil sunk deep into complacency. Crude oil is well balanced and has priced in geopolitical risk scenarios when it comes to Iran, Syria and Egypt where there really has not been any earth shaking developments for some time. Yet when it comes to the oil market you had better beware of the sleeping lion because if it awakens we could see a major move. Of course in the nineties, oil slept for most of the decade with only a few exceptions.
Read More on International Business Times
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
