Since then, November WTI crude has fallen to $104.71, which benefited the short call spread because of the bearish price bias in the trade. But just as significant was the reaction in options markets.
Trades: BTC LOX3 November 114 calls at $0.28 and STC LOX3 November 116 calls at $0.17.
The trade collected $0.30 to open and costs $0.11s to exit, for a return of 11% on capital risked in less than a week.
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