Crude oil already absorbed the Iran war shock. The pre-war lows near $63 became a level the market clearly respects. Chris Vecchio is selling a defined risk put spread just below that support using micro WTI crude oil options from @cmegroup Sell the 62 buy the 60. If oil holds the spread works. If $63 breaks with momentum manage immediately. This is not a bet on a rally. It is a defined risk trade built on the idea that a support level can matter. Take profit around 50% and move on. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newsletters 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on X: x.com/tastyliveshow Chapters 0:00 Why sell a put spread in oil after it has been falling 0:23 The thesis: pre-war lows near $63 are the floor 0:46 The trade: sell 62 put buy 60 put $2 wide 1:27 Why $63 matters after the Iran war shock 2:00 IVR below 30 but raw vol still near 50% 2:47 T...