I have been doing swing trading with the weekly options, mostly spreads.
I had suggested the Jan2016, 18/21 call spread to a friend who is not into short term trading. With USO around 17, this spread can be bought for a debit of around 1.00 This would yield a max profit of 200%. With the potential effect of severe contango, it's probably best not to get involved with strike prices which are too high above the current share price.
search for: Gilead Warning of Hep C Patient Death on Heart Med Will Have “Zero Impact”
Also, read the one comment associated with this article.
I found a test report article about amiodarone. One of the conclusions was: "However, amiodarone has serious systemic adverse effects; furthermore, amiodarone has been suggested to be associated with an increase in mortality in patients with severe acute or chronic heart failure."
Class action lawsuit over arsenic levels in wine. The cheaper the wine, the higher the arsenic level. Just a glass or two of these arsenic-contaminated wines a day over time could result in dangerous arsenic toxicity to the consumer.
Now, is there a relationship between the price of flooring and the level of formaldehyde?
Scottrade recently created an options active trading platform which is run by Interactive Brokers. I have not had a chance to check it out yet, but it should be good since IB is used by a lot of professional traders.
It appears that the effect of contango on UCO would be more severe than on USO. A good indicator would be the fact that UCO had a 1:4 reverse split in Jan 2011. Throughout the 9 year life of USO, it has never had a reverse split. Comparing UCO to USO could be the equivalent of comparing UVXY to VXX. Unless you can properly time the UCO share purchases, it may be safer to just do option plays on USO.
Looks like it will be pinned to around 8 today. MM wants most of the options to expire worthless.
This is an article about the VIX in the new issue of FUTURES magazine.
Just search for "vix is coming of age" if the link does not work.
Goldman tends to overshoot their predictions.
This was their prediction from 2008:
"Arjun N. Murti remembers the pain of the oil shocks of the 1970s. But he is bracing for something far worse now: He foresees a “super spike” — a price surge that will soon drive crude oil to $200 a barrel."
The Brent / WTI spread is now around $10. This is down from $13, but is still abnormally high. The big money is probably playing this spread trade.