Sunday, January 5, 2020

New Trade in Oil ETF USO

We have purchased a Jan 17 $14.00 call option. The cost was $0.06. The expectation is that the option will reach $0.60. Some reasons are below

- US kills Iranian General Soleimani
- USO rose more than $1.00 after Saudi Aramco attack
- USO rose more than $1.00 after tanker attack in June
- US military costs likely going up quickly, aka needing oil
 - Story from partner 2 years ago here




** This blog is used for informational purposes only. It should not be used as a recommendation to buy or sell any security. Do your own due diligence before trading or investing. If you would like research done on a stock you own or are thinking about buying, email at kdkoptions@gmail.com **

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