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Crude Oil Hit $80 on Iran. Jermal Chandler Put On 2 Defined Risk Trades.
NowPress play to follow along0:00 / 14:53
Chapters10 segments · tap to seek
ticker lesson
Breakdown
0:00lesson
Crude oil volatility and geopolitical factors
- Crude oil volatility driven by geopolitical tensions
- Oil prices moved from high 60s to high 70s
- Discussion on crude oil trading strategies
- Importance of news and market sentiment
1:38CL· ticker
CL call spread trade setup
- Long call spread in CL with 70/80 strike
- Risk $680, potential profit $1,320
- Contract size 1,000 barrels
- Break even at $7870
3:16CL· ticker
CL call spread risk and volatility
- Risk management with volatility value
- Potential loss up to 50%
- Rolling trade further out if needed
- Volatility required for profit
4:54lesson
Options flexibility in crude trading
- Options provide flexibility in crude trading
- Adjusting trades based on market movement
- Liquidity in options for both CL and MCL
- Time frame considerations for trades
6:24MCL· ticker
MCL ratio spread trade setup
- One-by-two call spread in MCL
- Bought 80 call, sold two 87 calls
- Risk $200, break even at $95.60
- Smaller contract size 100 barrels
8:04lesson
Risk management and trade scenarios
- Managing risk with multiple trades
- Scenarios for oil price movement
- Break even points for both trades
- Real risk if oil jumps to $100
9:38lesson
Historical context and market dynamics
- Crude oil can move $20 in short time
- 2008 as a learning curve for trader
- Anything can happen in volatile markets
- Need to be aware of extreme scenarios
11:13lesson
OPEC and geopolitical factors
- Iran conflict and Strait of Hormuz as key drivers
- OPEC decisions influence oil prices
- CME OPEC Watch tool for prediction
- Market reactions to geopolitical events
12:47CL· ticker
CL call spread and ratio spread summary
- Long call spread in CL with 10 days to expiry
- Paid 68 cents, equates to $680
- Break even at $7870
- Ratio spread with 34 days to expiry
14:17lesson
Options on futures and multiplier understanding
- Multiplier difference between CL and MCL
- CL multiplier 1,000 barrels
- MCL multiplier 100 barrels
- Importance of understanding multipliers
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