Charts signal a one or two day drop in oil prices. Going all or nothing on USO weekly $12 puts, only 20 contracts though.
Will flip the puts by COB tomorrow, win or lose.
Note: This is a quick flip, it may have another leg up long term. Depends on Iran, though I think both Iran and Trump are all talk with no balls.
Will flip the puts by COB tomorrow, win or lose.
Note: This is a quick flip, it may have another leg up long term. Depends on Iran, though I think both Iran and Trump are all talk with no balls.
Comment:
One week too early, oh well.
Watch for big movement then.