I think we still have more room to go down. HOWEVER, 42 should be looked at for a place to bounce a little in my opinion. Current position is a put calendar via 
USO long February 9.5 and short April 9.5. If April puts are assigned before or at expiration I will then sell calls to create a covered call position.
USO long February 9.5 and short April 9.5. If April puts are assigned before or at expiration I will then sell calls to create a covered call position.Trade active
Sold feb calls and rolled out and down April $8 strikeNote
That should have read sold FEB 9.5 ***PUTS***Note
This is why I find fibs intriguing
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.