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Chicago trader: Bet on short-term oil bounce

Traders signal offers in the Standard & Poor's 500 stock index options pit at the Chicago Board Options Exchange (CBOE) following the Federal Open Market Committee meeting in Chicago, Illinois.
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No matter how profound your trading pedigree may be, the game has changed since the crisis of 2008 and the old trading rule book simply doesn't apply. Central bankers seemingly continue to monitor daily moves and frown upon markets that go down for more than a few days consecutively.

Even still, it is my strong belief that volatility cannot be contained in one asset class (e.g. crude oil) and the recent initial bleed of volatility into equities expressed in a five-day sell-off is just the tip of the iceberg.

But as we see the equity bears out of breath for the moment, I'm turning my attention to oil.