Well, not really an emergency, but it is worthy of a speculative call or two. It appears that shots are being fired in the Gulf of Hormuz: Meanwhile, a quick and dirty bet on further hostilities in the Gulf are USO calls. This is an index that in the past has jumped 20%+ over the course of a few days-to-weeks. If so, the calls below can jump triple digits on a headline. Worth a speculative bet? Only you can answer that one. Risk 50% to make 200%, is my motto. USO Aug Calls One last thing: The charts: Crude Futures - Daily USO 240 Minute Breakout pending above first of two red resistance lines; if USO trades > $108 - own calls, above $110 - own more. USO Daily Any close in the next day or two above $107-108 is a definite trigger for August Calls. Target $130 - $150
