There is a long term elliott wave support level at 48.6. If it looks like it is punching through there with some momemtum I will short 4 /CL futures to gain an extra pop on the way down. Next support levels are 47.41 and 46.8 as lesser levels then another strong level at 45.73.

The strangle is at 41.5 and 57 so there is plenty of room on ether side but sometimes taking a directional trade can improve ROI.

Won’t do that unless 48.4 does nit hold, support from the over night session.