I want to buy Oil, what is the symbol, exchange and contract?

Thanks!

Thank god I never hold USO over night else it would have been a total disaster. I only scalp intraday.

Did 3 scalps total. Pre-market and at market open.

Up $3251.69. I could have held it longer but it's progress not perfection!

 

Try USL

 

Put in a bid for WTI CL Jun20 at -$40. You'll probably get get hit between now and May 19th (June20 expiration). Be prepared to take delivery though.

 

WTI May20 futures was the buy of the century at -$40.

 

IB customers lose $88m trading WTI crude

hope you trade with trend.

 

How was that on Monday, if yesterday (Tuesday) there was still some trading on this contract (or at least I assume that, because I saw some volume on it and bid/ask changing during the day) ?
Sorry if this sound a noob question (and probably it is).

 

@bone was referring to Monday's daily settlement on Monday, not the final settlement on Tuesday. Most clearing firms require customers who don't have the capacity to physically take delivery close out their positions 1 day prior to the contracts last day of trading, or expiration. This is why there was so much activity Monday.

 

Ah, thanks. That makes sense. My misundestunding.

 

I'm looking at selling puts on MMP with the logic that oil storage prices are rising, so they should do well. Might be missing something, but... wont' go big.

 

Uh yeah. Zero demand. The June contract could very well have the physical delivery constraints as the May contract.