JonnyBoi
03-09 12:50


$United States Oil Fund LP(USO)$  

$Energy Select Sector SPDR Fund(XLE)$  

A bit wary of such parabolic move on prices, which typically precedes an eventual plunge. 

A bit FOMO though, so I am considering trading some short term long call options to hopefully ride the upside as the conflict continues on.

A better trade might involve a put ratio spread, where we sell a 25 delta short put and use thepremium to finance two 10 delta long puts, a convexity play banking on the eventual crash in oil prices if the conflict reaches some form of resolution.

I already have some long call contracts on XLE in my Saxo account, also considering to TP on those positions.

DYODD. 🙏

Modified in.03-09 12:53
Crude Oil Surges Past $100, Up 23%! Has Oil Price Changed?
CLMAIN skyrocketed 23% to $119. USO reached $133 in after-hours trading. The main drivers are supply disruptions in crude oil combined with rising geopolitical risk premiums. Several Wall Street firms have raised their short-term oil price targets in recent reports. Coupled with EIA inventory drawdowns and expectations of continued OPEC+ production cuts, capital is clearly flowing back into energy ETFs. Do you think this marks the start of a trend revaluation, or is it just a short-term peak driven by maximum sentiment?
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Comments

  • Carmenz
    03-09 17:34
    Carmenz
    It seems like XLE hard to go up again
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