The USO trade has ended. The October $35.00 call option was sold for $2.43 before commissions and fees. The price of the USO ETF was at $36.37. The trade ended Code Yellow.
Some reasons for the sale:
- Decrease on the time value of the option was moving quicker than increase of intrinsic value of option.
- Brent has reached above $97.00
**Disclaimer** - This is just trade information. It is not a
recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence
before any trading or investing.