Todd Gordon's Oil ETF Trade (NYSE:USO)

BENZINGA | on Mon, Mar 20, 4:27 PM

On CNBC's Trading Nation[1], Todd Gordon spoke about bullish options trading idea in United States Oil Fund LP (ETF) (NYSE: USO[2]). He explained that United States Oil Fund LP (ETF)[3] is trading at its support and he believes it could bounce off the support to test $12. To make a bullish bet, Gordon wants to buy the May 10 calls for $0.64. The trade breaks even at $10.64 or 3.60 percent above the closing price on Monday. Gordon would close the trade if the stock drops below $9.60. Posted-In...

Read the full article

Semantic processing powered by OpenCalais

Use of the DailyMe service and DailyMe web site constitutes acceptance of the Company's Terms of Service and Privacy Policy.

© 2017 DailyMe, Inc. All rights reserved.