Quote:
Originally Posted by FMCoug
Just looked and there is action on USO puts as far out as July. The July 68 puts have some decent open interest and closed at 2.94.
However, doesen't USO track oil company stocks, not the commodity itself? I don't know jack about commodities.
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So July 68 meaning oil price of $68 by July? If so, that's what I was talking about. I bet if there were one year puts they'd be as low as $50.