Closing USO Calls - Epic Trades - 10/9/2023
By David Prince
Good morning all,
Stock futures are lower this morning as markets react to the weekend's horrific events.
Crude Oil is gapping higher over the unrest, with USO up $2.74, so we will sell the rest of our USO calls after the market opens:
- Sell the remainder of the $USO Oct. 20 $75 calls after the market opens
However, it's hard to celebrate such a huge move given the circumstances.
It’s a busy week with PPI Wednesday, and CPI and FOMC minutes on Thursday.
And earnings season begins Friday with $JPM, $C, and $WFC.
We expect the markets to provide plenty of opportunity.
Back with more,