USO is once again breaking out. We bought USO twice, an August expiration that went on to be a 10-bagger and a September expiration that hit its -50% hard stop. USO Daily $200+ by October expiration is a reasonable expectation. Bottom Line - We want to maintain leveraged USO exposure going into October. Accordingly, let's add the USO October 16th $150 Calls. Risk 50% and once call is up triple digits, use a 50% trailing stop to exit most of the position. USO October 16th $150C A USO move to $200 would make the Oct $150C a 10-bagger as well. QQQ Update As per yesterday's Mid-Week Update, we are adding the QQQ Sep 680 puts: QQQ Daily QQQ Sep 680P Energy and Precious Metals - Working Six of eight current positions at new life of trade high prints.
