Benzinga recently had the chance to speak with Leav Graves, founder of Option Samurai, about year-end trading opportunities in the options market. Graves believes that now it the time to begin testing the waters in the battered oil space.

Time Is On Your Side

With WTI currently hovering near $40/bbl, oil is essentially at its lowest point in more than a decade. While there is plenty of room to the downside, Graves shared that the high-demand commodity does have a degree of downside protection because is will never go to $0.

While it might still take some time before a major recovery in oil prices hits, U.S. producers have already begun dramatically reducing rig counts, cutting output and slashing capex.

“When oil prices get lower, or stay low for a relatively long time, time is on our side,” Graves told Benzinga.

Trading Ideas

When Benzinga asked Graves if he sees any specific option trading opportunities in the oil space, he said…

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