Yesterday I sent you a note describing an interesting way to make some serious money with options, betting that the price of oil will either stabilize or move higher from today’s low levels. Thanks to subscriber Thomas, there is a better underlying out there. Just in case you were planning to place the trades, I thought you should check this one out first.
An Even Better Way to Play Oil With Options
This is a re-write of yesterday’s letter, except the underlying is USO (another ETF) rather than OIH. The chart for USO is remarkably similar to that of OIH:
There is a distinct advantage to USO, however. The options are far more liquid . . .