I know if you were bullish oil, you could always buy an ETF based on the price of oil such as USO. But, the double leveraged UCO could have a negative divergence over the long term. So, that would leave us with futures or forex (if you didn't want to risk losing your whole amount in options). I'm not too familiar with futures but holding CAD/JPY would pay you an interest rate right? Does anyone here think this would be way better than holding shares in USO? I'm kind of wondering what would be the "blow out" level if you had 50:1 leverage and held 1 lot per every $20K.