Recent content by rubikscube

Is anyone able to give me some insight on this please? I would be really grateful. I can't really work out how the vol moves in CL it seems to be a bit random?

Hello everybody. Can someone give me a bit of insight into how CL implied volatility moves please? Does it follow a vol smile typical of commodities? i.e IV is lowest ATM and then there is an even-ish skew either side with any move up OR down in causing an increase in IV? I have witnessed...