7/20/17 update: A move to and thru 9.80 might delay this trade for a bit but stepping up to teh USO 8/18 expiry 9.50 puts at .18 as USO trades at 9.77.
7/20/17 update: A move to and thru 9.80 might delay this trade for a bit but stepping up to teh USO 8/18 expiry 9.50 puts at .18 as USO trades at 9.77.
7/21/21 update: This trade has now generated a 100%+ gain in 1 day. Taking away half the trade and looking to add to it on any rally higher."Obvious" upside target would be 9.55.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=uso&x=55&y=14&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11