For me it would be too risky, (especially getting stuck at expiration) even given such an arbitrage opportunity. This time round I wouldn't be faced with inexperienced traders, who appear to have panicked (and presumably won't be back) but seasoned oil traders, who know much more about the oil market than I do. I could maybe look at a spread between the different months, but here also, I am up against experienced traders, who can sense blood in the water from miles away.
OOO Price at posting:
$19.36 Sentiment: None Disclosure: Not Held