Speculative Play on Crude Oil and Iran
By: Ryan NolanFebruary 6th, 2012 12:15PM CST
There is increasing pressure for the world to act before Iran significantly increases their nuclear capabilities in 2012. We may see a showdown between Iran and the UN. In the event the situation starts to boil over, we are recommending a low risk purchase in crude oil options on futures. Technically the weekly charts remain bullish and fundamentally the summer driving season should be supportive. We recommend buying the May Crude Oil 110/115 call spread for $500.00 dollars as primarily an event driven low risk trade.
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Ryan Nolan
Senior Commodities Broker
Ryan started his career working at the Chicago Mercantile Exchange as a runner and options clerk in the live cattle and feeder cattle option pits. While gaining experience on the trading floor, he also attended DePaul University where he studied finance. I furthered my career on the trading floor, working for a large financial institution in the S&P 500 option pit as an options clerk, handling customer transactions.
In 2003, Ryan joined MF Global as a brok.... Read More
In 2003, Ryan joined MF Global as a brok.... Read More
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