USO calls

J

Jahajee

I am looking to buy OCT USO calls - possible strikes 86 to 90

USO is now at 81.70 at 10:25 am

With crude very oversold I am expecting a bounce of at least $15 to 20 over the next 3 weeks or so.
 
I just bought some of the sep 85 c. I just think people are selling the hurricane because of how we free fell after the last one, so I think you could get a quick pop, plus I get another inven number to be long for.....
 
Quote from Jahajee:

I am looking to buy OCT USO calls - possible strikes 86 to 90

USO is now at 81.70 at 10:25 am

With crude very oversold I am expecting a bounce of at least $15 to 20 over the next 3 weeks or so.
More...

If thats your opinion then buy 'em. IMO, WAY too short a time period for being quite a bit OTM.
 
not huge conviction, but good risk return with a big hurricane on the way. cost a buck or so, with a lot of upside if hurricane is bad plus all of the oversold, plus option exp could push things a bit far so I thought good risk/reward...
 
Quote from BeatingtheSP500:

If thats your opinion then buy 'em. IMO, WAY too short a time period for being quite a bit OTM.
More...


with about 5 weeks to expiration?

TOS chart shows 14-day ATR at 3.3

may go for 85 calls
 
the arabs made it very clear the price will be around $100. Trade with this in mind, however it's not a short term play. Anything sept is a gamble.
 
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