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bought a few of USO 1.00x exp 05/01 at .05. I agree with OP, it's worth a small gamble.

Magoo sees a firm floor being built in crude as well. Only down 30% overnight. Long term buy and hold investor in crude futures. One of a kind.

Dale Bozzio, Stacey Q, Kim Wilde, Laura Branigan, Siouxsie, Kate Bush et al. higher on the list:D

Heck I was just getting over the fact it dropped below $10. Then below $5. Thought ok well it's at $0, lo and behold I saw -$40.

"But I thought it was zero bound". "No sir, it's 37 below zero".

Someone better page Mr Magoo at Rinky Dinky Golf Club to tell him about his crude longs.

CL Jun 10x puts trading almost $1.00, up $0.90 on day.

Yes, reality appears in brief bursts, then back to the usual programming.

Make believe, like everything else. (B1S2 that is)

Yes indeed. I banned myself from this thread for a long while.

Still awaiting the OP's reply as to how he is expressing this "long term" buy and hold in crude.

Trading back inside those highs from earlier in the week is good reason to be hesitant.

Another jump the shark moment. Unless you are long the back months, otherwise that roll is going to bite.

10 year relentless bid, hardly rolled over this entire episode since late March.

Hunch is that the forced hedging after the close offered a good opportunity to sell into. It's a ****show of a market, that's for sure.

Yes, May contract. June and onwards still look like they are holding above the lows of a few weeks back.

IMO, this is "Trade Deal going along great 2.0". I half-joked about it becoming this in another thread earlier this week, but now I'm afraid this will be drawn out and milked for every cent as well. As far as the "timing" of this latest release...well, after cash close, one day prior to the...

Right before the monthly OpEx. Seeing some really ugly quotes on the ATM and slightly OTM ES calls in the illiquid overnight session. Obviously, looks like blow outs in the other direction now. Crazier by the day.

This much divergence between Russell and Nasdaq (especially in light of it tagging unchanged on the year) is a pretty decent sell signal IMHO.