Showing posts with label Saudi Aramco attack. Show all posts
Showing posts with label Saudi Aramco attack. Show all posts

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




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