Analyzing USO Key Levels & Options as Crude Oil Spikes
Schwab Network · Schwab Network
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Show Notes
Crude oil rallying 35% on the week offers other trading opportunities in the energy space, including ETFs. Rick Ducat turns to the U.S. Oil Fund (USO) and shows how traders can navigate its correlation to crude oil futures. He later notes elevated options activity which more than tripled a normal trading session.
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