When oil super-spikes due to a crisis, you should wait for it to drop 20% and then buy out-of-the-money puts, because a collapse from there is all but guaranteed — this is far better than trying to time the spike on the way up, which just burns premium waiting for a spike that may not come.
normativepending
Speaker
DoombergEvidence Quote
“our philosophy is um if you see a super spike in oil wait for it to drop 20% and then it's all but guaranteed to really collapse from there. Uh and so buy out of the money puts at that point.”
Created: 6/18/2026, 2:32:19 PM
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