January 7, 2020

Trading Oil Can Be A Slippery Proposition!

For anyone who has traded Crude Oil, you can attest to the fact that is no place for the novice nor the meek.  Throw in the very real possibility of military action in the Middle East and you have just added fuel to the potential fire.

Click the video below as Scott walks us through our position in ERY.  ERY is a 3x-leveraged Bear Crude Oil ETF.  So, by buying a call spread in ERY, you are shorting oil.

Grab a free day pass to one of our live signal trading rooms today>>http://bit.ly/nl-freepass

Follow me on Twitter: @cboesib

about the author:

Scott Bauer

A respected market commentator seen on Bloomberg, Fox Business, CNBC and other major financial networks, Scott Bauer has 25 plus years of professional equity and index options experience at the Chicago Board Options Exchange (CBOE) and Chicago Mercantile Exchange (CME) and as a Vice-President/trader for Goldman Sachs. Scott graduated with Honors from the University of Illinois Business School and has taught classes both at his alma mater and at the CBOE.

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