USO Reminder

When I get done running through all the charts I need to I'll get a USO/oil post up.

I still very much like (in somewhat speculative size because of developments on the ground in the MENA region) DTO long and the just opened position of USO Aug $38 puts.

I'll try to get charts up ASAP. You know I've been following this for a while and have been restrained and for good reason as we have seen, this is the first time I've taken a position on USO since the Egyptian crisis became a crisis so I do like Oil short here.

The position needs to be treated as speculative in my view or have air tight risk management and I'd leave room for any potential gap-up-type head fake moves.