6 matching records.
The tick size for crude oil is $10.
The speaker suggests that following the trend in silver could be a good strategy, as the price has increased significantly from 52 to 85. However, they also note that they do not trade that way and consider the question to be one that should be asked of others. The speaker implies that the trend was a friend in this case, but they do not endorse the strategy themselves.
The speaker is bullish on CL (Crude Oil) and is short puts, indicating a belief that the price will not fall significantly. The speaker acknowledges that the market may not sharply rise but believes in the continued premium collection through short puts.
The speaker suggests that gold (GC) and crude oil are the most consistent commodities to trade due to their liquidity and stable price behavior. These commodities are preferred over others like silver or live cattle, which are more volatile and less liquid.
The speaker believes crude oil prices have dropped and sold puts on crude oil (CL) for $1.71, indicating a bearish outlook. The speaker is short some puts and added to the position as crude oil prices dropped.
The speaker recommends short strangles or iron condors in crude oil, given the high implied volatility and the market's range-bound nature. The strategy involves selling strangles at 70 and 150, capitalizing on the price range between 80 and 110.