How Options Strategist Steve Sosnick Is Trading Suncor Energy

The video discusses market trends, focusing on backwardation and the VIX index, highlighting short-term market fears. It then shifts to the oil market, analyzing recent price movements and discussing trading strategies, particularly in relation to Suncor and the impact of geopolitical factors on North American oil production. The speaker provides insights into trading decisions, emphasizing the importance of managing risk and understanding market dynamics.

What does a rise in the VIX index typically indicate about market sentiment?

• Increased market stability

• Decreased market volatility

• Decreased trading volume

• Increased short-term fear

What is a trader's instinct when there is a significant move in a major commodity like oil?

• To invest in unrelated assets

• To trade or fade the move

• To hold their position

• To ignore the market

What is the short-term viewpoint on the recent oil price rally?

• It will stabilize soon

• It will lead to a long-term trend

• It is expected to continue indefinitely

• It has gone too far too fast

Why might the Saudis and Russians not want North American fracking to be viable?

• To reduce global oil prices

• To maintain their market share

• To support renewable energy

• To increase environmental concerns

What is the maximum loss in the described trading strategy involving Suncor?

• $2.00

• $1.30

• $1.00

• $0.70