Buying put options on oil
Treasury yields are falling, along with the U.S. dollar, gold and crude oil prices. Calls are outnumbering puts roughly 3:2 with the March 20th 180.00 call being were being bought for between $4.70-4.80 each which suggests bullish intent. To buy/sell mis-priced options and hedge the market risk using only options, unlike the conversion or the reversal, which use futures contracts. If a certain strike put