The Speculative Stocks....

[fenders53]

(04-01-2020, 09:44 AM)Otter Wrote:

(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.

I will read up.  I may be the king of oil stock bears right now but obviously this oil price level works for nobody more than a few months. A quick read of your link states this is a play on short-term oil price moves, but you are buying LEAPs. Can you explain the thesis?