The_dumpster_diver

maybelline on crude. USO vs Crude futures

NYMEX:CL1!   Light Crude Oil Futures
potential tweezer top on crude. crude picking up on the fact of lower global growth from yesterdays pmi pricing. imo. also venezula will influence us demand for heavy crude from opec causing likely sentiment shifts in the overall output perspective. IV in crude is relatively slow. i favor leap puts in $uso but long Cl on a notional basis. the logic is that crude futures out perform in low IV environment but $uso outperforms to the downside.
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