When is the right time to get into USO?

20 เม.ย. 2020

Futures have dropped to new lows, and we're starting to get severely oversold with oil. USO has been accumulating nicely with lower lows and the RSI showing divergence towards the upside.

We have June CALLS before this week, but will be adding more longer term CALLS slowly over time.

We know that suppliers are trying to make deals about the supply, the demand will come once travel is allowed once again. When that news hits, especially for US, this will pop.

20 เม.ย. 2020

บันทึก

Do not buy options further out than this year. I have been seeing people posting ideas about buying January 2022 calls. This is a BAD idea. If you are doing this, you don't understand USO and should not be trading this. DO YOUR OWN DUE DILIGENCE.