Options Traders Place `Butterfly' Bets That Oil Rally Not Over
Options trading is signaling that the longest rally in U.S. crude oil since December has a few dollars to go. Volume in West Texas Intermediate call options, which give the holder the right to buy crude in the future at a set price, surged on Tuesday to the highest since March.
Bloomberg Markets - Options Traders' `Butterfly' Bets Signal Oil Rally Not Over
