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 are the implications of oil prices reaching around $40 according to the speaker?

What strategy does the speaker suggest for trading in the current oil market conditions?