TRADE IDEA: USO SHORT (PUTS)

I'll be opening a USO short using some leverage. This could be done with one of the leveraged WTI/Oil inverse leveraged ETFs, although they aren't my favorite. As seen with GLD from Friday, closed today, this market requires some nimble moves and the leverage offers to make the reward worth the risk of a choppy range.

I'll be opening a May monthly USO May 15th $19 (in the money) Put position, allthough as I said, I think a decent inverse leveraged ETF will work fine as well, as long as you have time to keep an euye on it.

I'll have charts outin a few minut