Long USO calls · 19000 contracts
In 19k of USO calls because 150 dollar oil is fking stupid
Oil prices spiked to $150 due to geopolitical tensions but historically all oil spikes retrace when conflicts resolve. Author expects war to end under Trump administration, driving oil prices lower and call options on USO sharply higher.
1d-5.7%
3d-7.9%
1w-7.9%
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3m—
6m—
1y—