This is our PRO trade from Sep 27: USO: $52.90 Nov 19th $55C: $1.60-1.65 USO Target: $60+ Nov 19th $55C Target: $5.00+ As it stands today (Oct 8) USO is trading up to $56 with the Nov $55C trading at $3.10, a dime short of a 100% gain. Exiting half and letting the rest ride reduces risk on the trade to zero, while the target of $60 for USO and $5.00 for the calls remain. Another alternative is to use a 50% stop from current prices, i.e., exit if the gain falls from +100% to +50%. Or, simply hold the position as is since the price targets are still intact. As is illustrated on the USO chart below, even if a short-term red arrow appears in the days ahead, the overall trend is strongly higher.
