USO / SCO

If you had a USO put, I hope you saw my earlier post about taking profits as it was likely to fill the gap and correct.

SCO long is still a great position, it will likely consolidate for a day or two, but it did fill the gap, it's longer term trend is very promising.

As the consolidation comes to an end, USO will almost certainly be set up again for another put position and SCO will be set for new longs or add-to positions.