How much will it jump to when Israeli tanks roll across the border with turrets blazing?
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link to www.presstv.ir]
In London trade, Brent North Sea crude increased $2.75 on Monday, closing at $111.70 a barrel for delivery in January, AFP reported.
"The ongoing conflict between Israel and Palestine, which has stoked fears about supply of oil across the Middle East region, continues to provide the main source of support to prices," GFT Markets analyst Fawad Razaqzada said.Thought I'd give a heads up
The Oil chart is bullish
USO is an oil ETF which is pretty responsive to the price of oil. It is pushing towards 32.20 right now, headed up despite the ceasefire announcement
Dec 36 USO calls are .13c, fairly cheap lotto tickets in case the cease fire doesn't hold
Ten contracts for under $150:
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and btw, the open interest on Dec 38.50 USO calls is 52,000, a sizeable bulge:
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$38 December calls are .06c:
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It's gambling, like penny stocks, so small quantities are all I'd recommend.
However, if oil heads higher, these could be good for 300-400% gains
They expire in 3 weeks, and theta is not your friend, so know your risk
