Robinhood traders made the ETF USO the most popular stock this week

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USO doing a 1:8 reverse split next week... to $16-$20-ish.

Typically the decline resumes after such a split, as shorts can get their teeth into it again.

FWIW...

 

Uso is changing the way they buy the futures contracts so this should bring about a different trade to uso going forward.
I believe there are only 3 ways to trade oil now on the long side using oil etfs

 

how does Robinhood still have customers after having an "outage" on a 10% down day

 

“USO on Robinhood is growing faster than Covid-19”
- Jim Bianco

 

Also no index options - stock only I believe.

 

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