USO Options Live: Calendar vs Iron Condor on Oil
A published USO trade shows 8% after one day, and the next oil setup gets priced on screen.
This clip picks up right after my published USO calendar showed 8% in a single day. I walk through the thesis behind the trade, why the breakevens move with implied volatility, and then compare calendar and iron condor structures on oil live on screen.
A 30-day October condor gets judged too hectic, and a November setup with a window from 130 to 180 takes its place, covered whether oil climbs on war headlines or rolls back over.
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