USO liquidation?

Discussion in 'Options' started by FSU, Apr 21, 2020.

  1. USO already finished rolling their May position last week. I was referring to the June contract. They will be getting margin calls if it falls to $6.40 but there is no way who ever they clears their trades will wait until that price to start liquidating.
     
    #11     Apr 21, 2020
  2. Means a lot more pain ahead for people who think they're buying oil at the bottom.
     
    #12     Apr 21, 2020
  3. Eh... not really. I am a small barnacle. I can hold all year and it wont matter... even if my measly 600 shares are liquidated. I wasn't planning on selling anytime soon anyway and relatively low risk.

    I more so feel bad for gussian : https://www.elitetrader.com/et/threads/uso-pricing-question.341772/
     
    Last edited: Apr 21, 2020
    #13     Apr 21, 2020
  4. You'll lose money because of the contango.
     
    #14     Apr 21, 2020
  5. Contago/liquidation*
     
    #15     Apr 21, 2020
  6. never2old

    never2old

  7. KCalhoun

    KCalhoun

    Ive done poorly overall trying to trade oil stocks & ETFs this past month. I made a tiny win APA but lost hundreds trading UWT DWT UCO USO etc.

    There is likely a trade in oil somewhere but I have sucked trying so I'll hold off for now.

    Pot & casino stocks have been better for me MGM PENN TLRY CGC there's a joke in there somewhere lol
     
    #17     Apr 21, 2020
  8. #18     Apr 21, 2020
    never2old likes this.
  9. FrankInLa

    FrankInLa

    How about shorting futures? I thought this is the obvious trade.

     
    #19     Apr 21, 2020
    cdcaveman likes this.
  10. RedDuke

    RedDuke

    oil move a point in a blink of an eye. use stops!
     
    #20     Apr 21, 2020
    chami and cdcaveman like this.