massive $1.5 million PUT buy today.on the Jan 2016 $35s.
pretty safe bet. Youre at the top of the 2 year wedge, as well as a triple top 3 YTD range. The buyer is certainly front running the next leg down. If he's wrong, and USO breaks out to the up side. Then he's got 1.75 years for USO to hit $30 as the market corrects / crashes. I give him 60% odds of doubling his money by OPEX. = Jan 2016.