Betting on oil price increase?

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  • 03/22/2020 at 10:32 pm #78120
    Nelson Brady
    Participant

    What is the best way to bet on an oil price rise if you are sure it will happen but not how far out?

    03/23/2020 at 6:27 am #78122
    Frank1 Grossmann
    Keymaster

    Making use of the high volatility I would sell a Jan 15 2021 USO put option with strike 4$ at about 90cent.
    This is about a 20% premium!!!!! If price goes up you get this premium if the price goes down you will finally get the USO stock for 3.10$. one put equals 100 stocks

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