BoulderEllen

Buying USO Is a No-Brainer

I agree oil will be higher - but the time frame is the problem. I have been buying LEAPS on USO - Jan(11) 105 or 110 CALLS... +/- $2.00 a share...so 10 contract is $2000 and controls 1000 shares of stock. As the price of USO goes down, the calls go down, I add to my position. Alot less risk and I have 2 years to watch it happen - or take advantage of a potential political blimp.