$USO $CL_F Bearish Oil

I think we still have more room to go down. HOWEVER, 42 should be looked at for a place to bounce a little in my opinion. Current position is a put calendar via $USO long February 9.5 and short April 9.5. If April puts are assigned before or at expiration I will then sell calls to create a covered call position.

Transaction en cours:

Sold feb calls and rolled out and down April $8 strike

Commentaire:

That should have read sold FEB 9.5 ***PUTS***

Commentaire:

This is why I find fibs intriguing