June WTI futures prices are slowly moving higher, over $99 late Monday (May 11). Two ways to play oil are to sell short out-of-the-money (OTM) one-month expiry Chevron Corp (CVX) calls or short OTM CVX puts.
I discussed this last month in a Barchart article for the May 15 expiry $220 call option contract. It has worked out well. This article discusses a new short-call play for expiration on June 18.
