Strangle on Oil futures CRUDE OIL FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) NYMEX:CL1! ZoharCho The oil price is going sideways at the moment. The implied volatility is relatively high. I choose a strangle with an 85% probability to finish in the green zone, between the $48-$69 prices in the next 41 days. I have a follow-up action if the implied volatility will go higher or the price will move sharply up or down. Always diversify your trades.