Energy or Oil LEAP call option

[Kwai Chang Caine]

Given the historic volatility of oil and its current low price, does anyone have recommendation for LEAP call option in this area?

 

[DirectMarketAccess]

Eh... The problem for you will be the time value. Maybe buy a deferred call spread, and sell a credit put spread?

 

[TradeCat]

On oil I wouldn't recommend yearly options. Time decay, volatility, all the bad shit that goes with Options won't be good for energy plays.
Can you afford an oil ETF? There are quite a few and I've posted a list in the past.

 

[Kwai Chang Caine]

what is your fav