04-01-2020, 09:44 AM
(04-01-2020, 09:40 AM)fenders53 Wrote:(04-01-2020, 09:22 AM)Otter Wrote: Added more 1/21/22 USO 5 LEAPs this morning. USO up 0.25% while the market is down nearly 3%Can you share a paragraph about USO please. I don't know what that is but trust your instincts. I have some cash.
https://www.etf.com/USO
It is designed to track the price of West Texas Intermediate crude.
Contango is a risk, but with the price of crude where it is, I am willing to take that risk. LEAPs are cheap at the moment, so why the heck not give myself a little extra runway.