Want to go long Crude oil

Discussion in 'Options' started by Jdesey, Oct 9, 2023.

  1. Jdesey

    Jdesey

    I haven’t played crude in over 2 years.
    With the situation in the Middle East I want to go long. What’s the best ETF to do that with? I’ll be looking at calls. I know about XLE but is there a more direct crude etf?
     
  2. ZBZB

    ZBZB

    USO
     
    BKR88 likes this.
  3. BKR88

    BKR88

  4. It's too late, right?
     
    Drawdown Addict likes this.
  5. Ninja

    Ninja

    Too late for what? It's just starting...
     
    Last edited: Oct 9, 2023
    countryBoy641 likes this.
  6. It had a good run for a few months. And it looks like it has hit ATH recently.
    Going long seems to be a bit brave.
     
  7. Sergio123

    Sergio123

    I use ERX. I like trading it better than /CL or USO.
     
  8. nitrene

    nitrene

    UCO = +2X USO (CL futures)
    SCO = -2X USO

    ERX = +2X XLE
    ERY = -2X XLE

    GUSH = +2X XOP
    DRIP = -2X XOP

    GUSH was up the most today at ~8%. Oil & Exploration are usually more volatile than the Oil majors. Also XOP is equal weighted vs XLE which is market cap weighted which pretty means you rely on XOM & CVX to do well. UCO is he most liquid after USO, of course.
     
  9. cesfx

    cesfx

    USO is shite...
     
  10. have not traded crude oil for years
     
    #10     Oct 22, 2023