Market Overview

Todd Gordon's United States Oil ETF Trade

Related USO
Is It Time to Buy The Dip In Crude & Energy ETFs?
The Price Of Oil Is A Poor Tracker Of Geopolitical Risk, Says Bank Of America Analyst
Oil: Mexico Production Revised (Seeking Alpha)

Todd Gordon of said on CNBC's Trading Nation that crude oil is under pressure and it looks technically weak. He thinks that the OPEC meeting and the strength in the U.S. dollar could push crude oil even lower.

To make a bearish bet he wants to buy the January 10/9 put spread in United States Oil Fund LP (ETF)(NYSE: USO) for $0.37. The trade breaks even at $9.63 or 4.27 percent below current market price and it can maximally make $0.63 or 6.26 percent of the underlying price.

Posted-In: Todd Gordon Trading NationCNBC Media ETFs


Related Articles (USO)

View Comments and Join the Discussion!

Partner Center