USO
United States Oil Fund, LP
stockNYSEETF

USO CALLS, THIS IS YOUR CHANCE

That's the idea, on USO I'll take half the idea for now (Puts as we move to bottom).

USO CALLS x10

Honestly the only trade that makes sense is USO calls

Won't lie, without my reading glasses on I read that as "Never trader to Options" and wondered what little internet troll was posting now....then put on my reading glasses and read your post, welcome :) Lots of reasons to trade options, I trade twofold: 1. Offload risk in the market, usually consists of buying put options so I don't have to sweat much on downturns like recently. 2. Take on controlled amounts of risk where I want them for extra bucks. Usually letting options decay and making money via theta So basically right now I corral USO for profit :) many strategies available, pick what works for you test and repeatedly test it. Just be careful: Keep your risk levels sane, Options trading can work to offload risk in your stock portfolio, all the way to lottery ticket and suicide inducing levels of risk. Stay away from Naked options (many here will disagree with me) and make sure you have downside protection if things head south. Any strategy with unlimited loss is gonna murder you someday.

I probably should redefine my mood on USO as "Rationally Bearish" or "I think it'll go down, but 120 is a bit irrational from what I've seen, oil is going to drop but not completely cave.". Upside on USO : I'm nervous buying or selling anything Call options wise. The history on USO consists of crazy Breakouts in troublesome times. I have plenty of underlying shares that could profit immensely in a breakout and I don't want to tie them down. On the other hand if they don't break out, any calls I buy to supplement are a waste of money, almost feels like I'd be buying expensive lottery tickets at that point.

Like your puts. I sold 175 USO calls, even after they smashed it after the election Vol is so elevated there it makes sense to sell any side imho \>> send my options trading bearish and look for more deals on Puts That's bullish? I assume you want to sell 'em

Stock Wise: My S&P 500 ETF took a small beating as you'd imagine. USO my other ETF was all over the place, adrenaline inducing for sure. Been staying out of Tech/AI directly though for some time, so I survived quite well. Options wise: Closed a few short call ETF's I had out on USO, wondering if USO is going to snap back with a vengeance I got rid of all my upside obligations there. Shorted Puts on USO at 120 with an expiration on 12/11. I'm maintaining I'll be fine there :) Looking ahead, I'll probably send my options trading bearish and look for more deals on Puts, hope people are trading those to find bottoms to everything sending IV on the bearish end spiking.

Have you ever bought USO puts or anything because it's like that but worse

Maybe he bought those USO calls! :pika: