$United States Oil Fund LP(USO)$
$Energy Select Sector SPDR Fund(XLE)$
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. đ
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