Reddit Posts
Betting 250k that the Islamic Houthis group will blow up an oil tanker by new years $USO
Expected moves this week: SPY, QQQ, TLT, USO and earnings from Citi, JP Morgan, Wells and more.
What stocks do you compare your performance to by default? (SPY, ICLN, USO here)
Why the Oil Rally Might Not Be as Bullish as It Seems
As USO sees its largest fund outflow, WTI crude oil nears $67/barrel on a downtrend
2023-04-27 Wrinkle Brain Plays - In the style of Velma Dinkley
Record Inflow of Funds into Gas ETFs: Easy Money or a Dangerous Game?
2023-03-31 Wrinkle Brain Plays - In the style of Goofy
U.S. oil reserve refill could take 'a few years,' energy secretary says (NYSEARCA:USO)
Cost estimate for Canada's Trans Mountain Pipeline balloons to C$30.9B (NYSEARCA:USO)
Janet Yellen's Complete Testimony to the Senate on Joe Biden's Game-Changing Budget Proposal
Hawkish Fed talk, disappointing Chinese imports weigh on crude oil (NYSEARCA:USO)
2023-03-09 Wrinkle-brain Plays (Mathematically derived options plays)
Crude oil rebounds after UAE denies reported interest in quitting OPEC (NYSEARCA:USO)
THE CASE FOR GOING LONG CRUDE OIL (UNITED STATE OIL FUND)
2023-03-01 Wrinkle-brain Plays (Mathematically derived options plays)
Oil flat this week as U.S. inventories rise but Russia set for supply cut (NYSEARCA:USO)
2023-02-27 Wrinkle-brain Plays (Mathematically derived options plays)
Morgan Stanley gives big boost to global oil demand outlook (NYSEARCA:USO)
Is now not a good time to invest in oil ETFs for a quick profit?
2023-02-08 Wrinkle-brain Plays (Mathematically derived options plays)
Crude oil takes another weekly drubbing as U.S. stockpiles swell (NYSEARCA:USO)
US still buying back oil at $70 to replenish reserves?
2023-02-02 Wrinkle-brain Plays (Mathematically derived options plays)
Pump prices keep rising higher, boosting outlook for U.S. refiners (NYSEARCA:USO)
Crude oil could continue to trend lower if Russian supply remains strong (NYSEARCA:USO)
Global oil demand likely to hit record this year as China reopens, IEA says (NYSEARCA:USO)
2023-01-17 Wrinkle-brain Plays (Mathematically derived options plays)
Should a person be investing in oil now that it is at a 1 year low? My personal opinion: Yes
2022-11-28 Wrinkle-brain Plays (Mathematically derived options plays)
2022-10-19 Better Tasting Crayons (Mathematically derived options plays)
2022-10-10 Better Tasting Crayons (Mathematically derived options plays)
How to Fight Russia with Gold and Oil
A little tic-tac-toe technical analysis for the week ahead
So with recession confirmed, I'm guessing it's time to buy puts on oil?
What’s your portfolio construction (# of stocks/sector weights/non-equities)?
when you have $USO puts and you start pawning your shit
The case for $150+ oil and why it’s going to crash back to $35 next year. This is your chance to make it boys.
Week of 6-6: Most Important Charts to Watch #003
Demystifying Technical Analysis: Understanding Overhead Supply and Flag-Based Trading Patterns
Anyone buying crude oil futures too? (Not USO)
War for Fun and Profit: Discuss Best Plays for China’s Looming Invasion of Taiwan?
War for Fun and Profit: Discuss Best Plays for China’s Looming Invasion of Taiwan?
Why the recent disconnect between natural gas and oil stocks?
Anyone know something about Natural Gas?
Anyone know something about Natural Gas?
The hiking cycle is almost over, why the fed is full of shit
Oil and gas relations? Do gas companies follow oil prices, lag behind them, or are they completely independent?
Investing in oil, gold and other things for the storm to come once China COVID lockdowns end
How to Invest in EU Oil Prices?
Googled USO and this comes up. Hope dad is a HODL’r. Bout to hit $100
What's the war end-game and why we aren't anywhere near the bottom
Expected Moves this week: USO, XOM, CVX, WEAT, FDX, and more.
Should investors pile money into SCO during these high oil prices for the long term vision?
On March 9, 2022, $USO dropped 11.66% and $SCO went up 20.31%, but $DRIP only went up only 1.77% - Why the divergences?
It might be a good idea to buy the Oil ETF $USO on the stock market, it tracks crude oil movements.
It might be a good idea to buy the Oil ETF $USO on the stock market, it tracks crude oil movements.
Expected moves this week. SPY, USO, XOM, CVX, DOCU, ORCL, RIVN and more.
The case for AMLP, an ETF for the oil and gas midstream sector!
$USO is the Oil ETF that tracks the price of oil! Hedge your money against rising fuel prices and get into oil! The US just sanctioned Russian oil and it's just a matter of time before everyone else in NATO does.
$USO is the Oil ETF that tracks the price of oil! Hedge your money against rising fuel prices and get in to oil!
$USO (United States Oil) up over 90% over the past year!! Better returns than Bitcoin and Ethereum over the past year!
Mentions
I have a vert spread on USO. Other ETFs are UCO and GUSH. You can also use stocks of companies like XOM, MRO, CVX, and COP.
USO 75call Jan 16th
I remember I bought USO puts, and the ETF go disconnected so I hardly made anything. What did you trade?
What's a good ticker for oil? Finding it hard to pinpoint a stock I like for crude oil. USO just seems bad.
What's the downside to buying some USO rn, been waiting for it to dip below 65$ and just hold till it swings
Winter season has started, just bought some USO around 68.9, for the seasonal bet.
USO . . some day, some year it will be back. I didn't think it would be such a bad year for oil.
The USPS has a Universal Service Obligation. It is mandated by law to service every addressable location. Today, Amazon has no need for USPS in locations where they have established distribution centers and the like, but the delivery to remote rural locations is impractical for them. Technically, it’s also impractical for the USPS, but they’re required by law, so regardless of profitability, you can get your deliveries in BFE. It’s just that the cost to deliver to those locations is socialized / subsidized by profitability in other locations. To make this work, Amazon will probably have to stop offering last mile delivery to remote locations (which they can do since they don’t have a USO), and only offer delivery to a local hub of some sort. Then it’s up to the recipient to go pick it up.
USO seems the most reasonable Over all of 2024, Venezuela supplied on the order of a few percent of total U.S. crude imports (roughly 3–4% range), making it a meaningful but not dominant supplier.
USO below 70 feels like it should be a buy, but the only catalysts at this point are missile strikes in Russia.
Buying an option on the ETF (eg USO) is buying the option on a rolling of short dated futures strategy. Buying a long dated WTI futures option is buying an option explicitly on physical crude deliverable on that future date. Those are two VERY different things.
Chance my USO 70c's print tomorrow?
Do you have the math to back up that .8 correlation? I honestly don't know the exact number, but intuitively I think it's much lower. The best free calculator I could find when I did some research a while back was only allowing me to do 4 underlyings. I concur that the 4 major ETFs (QQQ, SPY, IWM, DIA) are about a .8 correlation, but that's why I add in the inversely or uncorrelated names like IBIT, GLD, USO, IYR, TLT, and VIX. If you include the VIX, then 6 of the 13 are not even stock based. I trade three commodities (Bitcoin, Gold, Oil), which do have single asset risks, but they provide diversification from your stock ETFs. These commodities are largely uncorrelated from each other and from stocks. Also, I trade three additional alternative asset classes (Bonds, Real Estate and Volatility) TLT, IYR and VIX. TLT and VIX provide negative correlation diversification, and IYR (Real Estate ETF) provides protection as well.
Venezuela invasion bullish for OXY CVX XOM and USO?
Something weird going on with USO....
I like USO for a short term trade but its not a good buy and hold. as far as tracking oil spot price USO has the highest correlation on a short time frame (~1month) but due to contract rolls, like I said its not a good long term trade.
what do you think could mirror this trade in the stock market? USO? XLE? XOP? Or am I better off with individual oil stocks like COP, XOM, CVX?
Taking my MEAT earnings and putting it in USO, with Russia oil ban, oil could spike up
Just more the doubled my USO(oil) calls today for a weekly option. Options are easy money!!
Micro Crude Oil Futures or USO.
Shit, did oil just turn bullish today? USO and oil equities are confirming huge bullish engulfing
Gold, crude oil (USO), and natural gas (UNG)?
if USO reverses and pumps it’s all over
Fuck, should have held those USO calls.
I thought USO was primed to blow this week with everything going on with Opec and the call volume/OI, but it ain't lookin good.
I dont have any short term trade ideas at the moment. Im in short euro, and yen futures, long ETH futures, long UNG calls and USO calls. All of which are 1 month plus trades. I dont see any major upside potential for stocks into the end of the week, maybe 0.5-1% so calls probably won't pay. If you have margin trading you could buy a long call butterfly on SPX 6725/6750/6775 for this Fridays expiration. Its probably around 300$ in debit paid for a maximum reward of 2200$ if spx is at 6750 on friday.
That depends. If you want to learn with something safe, I would pick iwm. It's the least expensive index that has daily options contracts, but you need 25k. USO is cheap at around 60 a share and stays relatively flat with a few small pops here and there. Uso has 3 expiries a week.
Hear me out USO Jan calls....yea or nay?
Covered all my USO shorts at 73.8 (from 75.5, 76, 76.3) and took profits, crude prolly hit a bottom.
Covered some USO short around 74.5 (from 76.6, 77.7 and 78.2), thank Saudis!
Port update, so far so good. long MSFT, NVDA, ORCL, AMZN; short TLT and USO.
USO calls been printing think I might grab more
Shorted more USO at 78.2 and 77.7, okie dokie.
USO calls? Russia pausing energy exports
Port analysis: long (from large to small): MSFT, ORCL, AMZN, AAPL short: TLT and USO
Shorted more USO around 76.3, GDP could be weak as planned.
Port update: long MSFT, ORCL, AMZN, AAPL; short TLT and USO Sold out TSLA at 444 (cost 441) and took profits.
Sold out NVDA at 183.6 (cost 181.7, 181.9, 182, 182.4, 182.5) and took small gains. Sold out AAPL at 256.3 (cost 253, 253.5) and took profit. Port update: long MSFT, ORCL, AMZN and TSLA; short TLT and USO.
My port update: long: ORCL, NVDA, MSFT and AMZN short: TLT and USO
Port update: long NVDA, ORCL, TSLA, MSFT and AMZN; short TLT and USO.
Shorted USO again at 75.5, target 72.
I just closed my USO calls on Friday. FUCK MY LIFE
covered all remaining USO shorts around 73.3 (from 75, 75.4, 75.6) and took profit 💰 not much downside room for crude oil.
Covered more USO short around 73.2 (from 76.1) and took profit, 💰
Covered some USO short around 73.1 (from 76.6) and took profit, 💰
USO has two weeklies.
RH sold my USO weekly calls today wutDfuk
Bought some USO calls in case Putti 🐀 goes pew pew on 🇵🇱
Port update: long MSFT, NVDA, META, AAPL, AMZN; short TSLA, USO. Doing so far so good. 👌👌👌
I want USO to hit 80 for free money on puts again
Hey thanks for the comment. Ive been following gold, oil and nat gas for a few years, mostly investigating. I've traded USO and GLD with decent success but this is my first rodeo with UNG. I'm an options seller myself also. SOFI still has a lot of upside. Prob gonna rotate into futures in one of my accounts. At least I'll be dealing with the underlying and not so much overhead.
USO callholders punching their own dick rn
Port update, so far so good. Heavy long: MSFT, NVDA Medium long: AMZN, BRK.B Small long: META, INTC Medium short: TSLA Small short USO
What’s a more volatile oil stock than OXY USO etc? 🇺🇦 kill 🇷🇺 oil
don't remember my first purchase, but looking at reports, I started in 2015 and ended the year with a combination of USO / SHEL / O / UNG / DIS / VIRT across my ROTH & taxable accounts still have DIS / VIRT in the portfolio
Bet $600k on USO holy fuck it better hit
IV can look low but it can still extremely profitable to sell options. You need to compare implied volatility versus the actual risk realized in the market. Let's take a concrete example - if you sell a straddle at 25 and that is supposed to expire in 7 days, if on average the underlying moves only 10 points, that is a great trade. The current market's conditions with low VIX are a great example - VIX 16/17 seems low, yet selling options have been extremely profitable this summer, because realized volatility has been only around 10. These are exceptionnal conditions - the variance risk premium (the difference between realized and implied) has been negative for the major part of Q1 and Q2. But since early June the conditions are perfect for options seller (on SPY, QQQ and ... USO). This can change from one week to the next. You need to measure that carefully.
Covered the remaining USO short at 75 (from 77), took profit in AH.
Covered some USO short at 75.1 (from 77.1) 💰 have a good lunch 🥪
Let's short USO again at 77, I am dancing now 😄
Covered all remaining USO shorts around 75.5 (from 76.4, 77.1); stagflation is coming our way.
Covered more USO around 75.8 (from 77.6); such an easy trade. 💰
Port update: long MSFT, NVDA and BRK.B; short USO and TSLA. Simple and effective combo, to fuck market-makers this week. 👌
Covered some USO around 76 (from 79.8) and took profit 👌
I bought a bunch of cheap USO calls a year out. Then it did a weird split. I never payed attention to the new strike price. Then I kinda forgot about them. Well, they hit the strike price and auto-executed on the expiration date and one day I noticed I had all this USO stock on margin. I freaked out and sold it all. Would have been a lot cooler if I kept them.
covered more USO around 77.2 (from 79.9) and took profit, 💰
If nukes hit Moscow, just buy calls on USO and XOM
Covered a little USO short at 77.4 (from 81.1) and took profit.
Port update: long MSFT, NVDA (large), BRK.B (small) short USO (large), TSLA (small)
Port update: long MSFT, NVDA, AAPL, BRK.B short TSLA, USO The profit I made to short TSLA today, all went to AMZN loss, dang it.
my port update: long MSFT, BRK.B, AMZN and NVDA short USO, TSLA.
Nvo puts USO calls. BE and Dkng calls.
Option on oil futures? Or what instrument? USO?