USO Traders pay attention to this option sentiment/strategy
The biggest one for USO we observed up to now.
Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in combine with your own strategy.
We do the best research as we can to find new opportunities in the massive amount of information every day to help you make data-driven trading decision.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all!
The biggest one for USO we observed up to now.
Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in combine with your own strategy.
We do the best research as we can to find new opportunities in the massive amount of information every day to help you make data-driven trading decision.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all!
Comment:
The price has reached the upper resistance level, which is the upper breakout point of STRADDLE. It is time for the STRADDLE holder to open a SHORT position at breakeven, to maximize the benefits of this structure
Comment:
Furthermore, today is the expiration day for monthly WTI OIL options contracts, thus substantial volatility is possible.
