CRUDEOILM Options Strategy & Analysis
Expiry: June 17, 2026 | Spot Price: ₹8,539.00
📊 Market Metrics & Indicators
Trend Bias: Bearish
EMA Status: Below all major EMAs (EMA 20: 8588 | EMA 50: 8598 | EMA 200: 8626)
Daily Price Action (OHLC): O: 8535 | H: 8554 | L: 8526 | C: 8539
Stoch RSI (Value): 52.22 (Neutral)
Market Sentiment: Bearish to Consolidating
🖼️ CRUDEOILM Live Chart Analysis
Click on the chart above to view exact candle patterns and trendline breakout.
📈 Option Chain Insights
Expiry Date: June 17, 2026
Highest Put OI (Strong Support): 8,500
Highest Call OI (Strong Resistance): 8,600
Implied Volatility (IV): High (Favorable for Sellers)
📰 News & Global Market Analysis
Oil prices jump over 2% as Iran closes Strait of Hormuz to all vessels following US strikes
OPEC oil output drops to a two-decades low of 16.13 million bpd in May
Oil prices pull back from intraday highs as US-Iran reportedly continue peace negotiations despite military strikes
🎯 Selected Hedged Strategy
Strategy Type: Bear Call Spread (Hedged)
Rationale: Selling 8,600 CE limits immediate upside beyond the strong resistance, while hedging via the 8,700 CE protects against sudden geopolitical spike risks.
💰 Pre-Trade Metrics
Net Credit Points: + 38.05 Points
Max Profit (Currency): ₹380.50
Max Loss (Currency): ₹619.50
Probability of Profit (POP): 58%
Lot Basis: 1 Lot (10 Qty) x Multiplier 1
Calculation Logic: Standard: Max Profit = Net Credit * Lot Size
Risk Level:
📌 Trade Note & Strategic Plan
Market Summary
The crude oil chart shows a bearish breakdown on the 15-minute, 1-hour, and 4-hour timeframes, with the price trading below all major EMAs. Although geopolitical tensions (the closure of the Strait of Hormuz by Iran) initially drove global prices higher, recent reports of ongoing US-Iran peace talks have triggered profit booking, pulling prices down. Option chain data shows heavy resistance at 8,600 (highest Call OI of 23,588) and strong support at 8,500 (highest Put OI of 18,578). Since IV is high, we recommend a Bear Call Spread to capture premium decay while keeping a bearish-to-neutral bias.
Action Plan
Enter a Bear Call Spread by selling 1 lot of June 8,600 CE at 236.30 and buying 1 lot of June 8,700 CE at 198.25 to hedge. Set a stop loss for the spread if the underlying price closes above 8,610 on a 15-minute basis. Target full premium decay.
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⚠️ Disclaimer
Options trading involves significant risk and is not suitable for every investor. Please ensure you understand the risks involved and consult with your financial advisor before participating. Past performance does not guarantee future results. Trade responsibly.
