Onyx Research

Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.

Oil Market Report: Buy the guts and sell the wings

1 min read

CEO Review: So, the beginning of the year was all about the range-bound trade for Brent futures. We banged on about this on our podcast, our trade ideas and certainly in our research. We suggested selling the strangle concept, or if you didn’t have access to options then simply selling at the top of the range of around $80 to $81.00/bbl and buying $75 to $76/bbl. Yes, this would have worked very well, but undeniably this looked into shaky ground when the geopolitical tension boiled over from Israel-Palestine to genuine concerns there could be a conflict between the US and Iran, with echoes of 2019 and Jamie Bolton’s cry for war. Anytime Iran and the US butt heads there is something quite believable about this escalating into a material impact on the oil world, so it would have been a diamond hands/ultimate stoic to maintain a short option position during this time.

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Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.