Date: November 23, 2022
In today’s market uncertainty, if profiting from fluctuation in crude oil prices has been on your mind. You need to remember this date: December 5, 2022
This is the date when G7 countries are expected to share details about price caps on Russian crude oil exports. Irrespective of what details the G7 share, the price of crude oil is expected to see a major fluctuation post this release.
While this may be a great opportunity to profit from crude oil price fluctuations, it does not come with great risk.
So, here is how to profit from this price fluctuation, limiting your downside risk.
DO THIS!
Depending on the direction you feel the price of crude oil will go, you can buy Call or Put options for an ETF that has exposure to oil companies. Buying Options will ensure that the maximum you can lose is the premium you have paid, thus limiting your downside risk.
At the same time, there is no limit to how much you can profit from this trade!
