CL can be such a wily beast - was stopped out of my CL SEPT 47 puts on the bounce at 43 and stopped out my CL SEPT long contracts from 44 at 46. Both profitable but an example or how you can't stay long or short for more than a few days. I don't see a tradeable trend except maybe down longer term - I wouldn't be afraid of selling 50+ OCT calls for instance. 7/12/17
Width of channel can be based on ATR. 7/12/17