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Chris Kettenmann's Oil ETF Trade

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Speaking on Bloomberg Markets, Chris Kettenmann, the chief energy strategist at Macro Risk Advisors, shared his options trading idea in United States Oil Fund LP (ETF) (NYSE: USO).

He wants to sell the May 10.50 straddle for $0.49, which is 4.68 percent of the current stock price. The trade starts to lose money if the stock jumps above $11 or falls below $10 at the May expiry. Kettenmann added that the straddle expires a day after the May 25th OPEC meeting and he is betting that volatility is going to decline.

Posted-In: Bloomberg Markets Chris Kettenmann Macro Risk AdvisorsCommodities Options Markets Media ETFs

 

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