A spread trade in USO has been made. An April $12.00 call has been purchased as well as an April $11.00 put. The cost of the trade was $0.39 before commissions and fees. The goal of the trade is $1.00. Reasons for the trade are below:
- A tightening range in the chart
- Active marketplace with production amounts within OPEC and non-OPEC countries
- Possible devaluation of dollar with inflation and rising rates
- Mini triple bottom possibly formed or rollover (main reason for spread)
**
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used as a recommendation to buy or sell any security. Do your own due
diligence before trading or investing. If you would like up to the
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