USO setting up for a short or put Short

United States Oil FundArca

Description

⋅ Jul 11, 2018 3:42 PM

Technical show USO is moving lower. My plan is to short at current value with a Target 1 at 13.65.

I am using puts as follows. USO 17 Aug Put. My strike was at .15 per put.
Price is already up 20% on the day.