Market Overview

Todd Gordon's United States Oil ETF Trade

Related USO
Friendly Skies Could Be Attractively Valued Skies
Trump's Keystone XL Pipeline Approval Will Impact Crude Oil Spreads, Boost Canadian Economy
Energy Stock ETFs Bounce As Oil Rises On OPEC Hopes; U.K. In Focus (Investor's Business Daily)

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!