On October 13th I opened a "Funny Money" (play money that I can afford to lose, the low end of speculative) November 22nd Call position in USO with a strike of $32.
I still like USO/Cal option and even if I didn't have the initial USO call, I'd be looking to add a speculative size November 22nd $32 call, so I'm going to go ahead and add to that position as it is at a discount.
Ill get some USO charts out as well. I'm just not crazy about the WTI crude leveraged ETFs
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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