“Oil insurance is priced at three-year extremes, so sell it instead of betting on direction and let the inflated premium be your edge.”
“from a positioning perspective, I'd rather be selling like the price of insurance. If implied volatility is high, right? The price of insurance insurance is high. So if you have a view, you might as well be selling volatility here.”
Prices are point-in-time snapshots from the named provider. The verdict compares the return since entry against the band above.