I bought RIG today, @ 16.28. Technical pattern - Double Bottom + the oil potential to move 10% next week...Option Monster trader jumped in today too, so I am in good company...
trading ideas:
sell USO OTM puts 18 and below.
sell USO OTM calls 22 and higher.
buy USO ITM calls, 18 and below.
all expire next Friday.
or
buy USO at 18.50 and hold for 20 to 22.
buy HAL, CVX, COP, XOM, or RIG... Solars could also move: SUNE, FSLR, SCTY..
tb
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