Cardinal Relentless: Although the settlement price on crude 12 months out right now is near $74, there are seperate options available that carry a higher risk-reward factor for large traders and hedge fund managers. These special options are gathering more and more attention from the desks. The larger, smarter money is seeing a melt-up in the future. As you know, 95% of all options traders are consistently wrong. That is a fact. Most are amatuers and will lose and never come back. Whether this percieved melt-up is due to geo-political unrest, peak-oil theories, supply-demand issues, or a conspiracy to elevate prices, only the big players know. The fact is, they are bracing for a run-up.