After a couple of down days in oil OIH have been affected. Now with an Implied Volatility rank of 27 it gives us a chance to sell some premium. A big lizard (Straddle with no upside risk) is a nice probability trade to do in case it decides to bounce back up.
Trade price $1.24 per contract
The trade: Sellthe Jul21 24.5 Call Sell the Jul21 24.5 Put Buy the Jul21 25.5 Call