While Libyan rebels kick up activity to prevent crude oil from leaving ports and reports emerge that supply is expected to rise in Iraq, one trader says he's more focused on the crack spread between crude oil and products. Chicago Energies Inc. options trader Peter Amandio tells TheStreet's Joe Deaux that he's worried a widening spread between the products and crude could signal a coming bear trend for the space. While Amandio says geopolitical tensions remain a key focus of his through the summer, he says he is keeping an eye on the technical movements for any opportunities to trade.

More from Video

The Demise of the Great American Supermarket (Watch!)

The Demise of the Great American Supermarket (Watch!)

China to Slash Automobile Tariffs and 4 Other Stories You Must Know Tuesday

China to Slash Automobile Tariffs and 4 Other Stories You Must Know Tuesday

Listen: Smart Technologies That Could Lure Millennials Back to Motorcycle Riding

Listen: Smart Technologies That Could Lure Millennials Back to Motorcycle Riding

60 Seconds: What is the Volcker Rule and How Does it Affect Your Portfolio?

60 Seconds: What is the Volcker Rule and How Does it Affect Your Portfolio?

Video: Here's How Global Stocks Can Boost Your Portfolio

Video: Here's How Global Stocks Can Boost Your Portfolio