Where Big Money is Betting Oil Will Go
By Brandon Chapman, CMT
Hey trader,
The Persian Gulf conflict has kept crude elevated for weeks…
…but tonight's presidential address could shift the entire supply narrative in a single session.
And I see three possible outcomes we can use for setups.
Traders are already positioning themselves ahead of time.
An institution just bought a $10-wide put spread on USO, targeting a full retest of the March 25 lows.
The Block Hunter Console flagged 6,395 contracts in a single print at the ask.
The skew on USO is working in the put buyer's favor right now, which makes the setup cheaper than it should be.
And I might have an idea how to structure a position that costs less than 50 cents, with some serious profit potential.
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I closed 5 of my last six Block Hunter trades for a profit, the smallest at 28.5%.
You don't need to spend hours searching the charts for opportunities like these. The Block Hunter Console does the work for you.
Institutions drop big option trades all the time. Yet, few folks ever use this valuable information. Don't be one of them.
See the Console in action and learn how institutional flow detection works.
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