Crude "butterfly bets" What does it tell us about potential crude price action in the near future?

https://www.bloomberg.com/news/arti...-place-butterfly-bets-that-oil-rally-not-over

 

Shitty trade with vol on the lows...

 

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Signals 2 things to me. [1]Trading -investing is not about bets[2] That Bloomberg female wrote a good article anyway, i would not call it a bet or prediction; but they do better charts than WSJ LOL-true

 

Maybe most of them were buyers of the $57 call options from the MM instead of sellers?

 

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Could be; I'm not a big believer in line charts , but Bloomberg /Jessica seems to be pretty good with them.......