On USO, I saw a nice volume spike today with a 3rd day confirmation above support at 95. So I bought some calls at 94.
Bought MAY 94 CALL @ $6.25 debit
I bought the May because I have 9 days to expiration and I not looking to hold this for probably more than a few days since this is a speculative trade.
I placed a stop loss near $5.00 as a 20% stop.
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