Oil Strangle Idea + Watchlist

Sell Oil 220 CE at 1.7
Sell Oil 200 PE at 3.9


But as 200 is very near, I will recommend to just do the call options and wait for it to touch 200. We can long it with a slight stop loss for better risk and reward game :)

Comment:

Look at the part where I told I don't want to short 200 PE because it is falling. I will short a PE when I see a green candle when 200 is touched and reversed.