Comment by paulpauper

It's sorta remarkable how well oil and gas hold their gains compared to other commodities. Oil still at 115+ 3 months after Russia invasion of Ukraine despite no further escalation of war. I wonder if someone could create a strategy of selling delta positive at-the-money strangles on oil and gasoline given the tendency of oil and gas to plateau for a long time but have high implied volatility in the interim, which means more theta capture...have to look into it. Bitcoin, gold, and others do not have this plateau pattern, which goes against the EMH.