UCO/BDC - Interesting. Not sure how the decay is on them.
UCO does have actively traced options. It's a 2x Ultra ETF bullish on oil so the July $14 calls at $1 are a good play for the $25KP as they MIGHT go back to $20+ and make us 6x so let's put $500 into those (5 contracts) and see how it plays out.
Oil/Pat - I think that, during the month of Jan, the failure to deliver oil to Cushing will cause a weekly draw that will create the illusion of demand and oil will move up from here. How much remains to be seen as we KNOW it's BS and the people manipulating it know it's BS so the question is when will they take their money and run. On the bigger picture, I don't think demand will catch up to supply (which will decline) until maybe July.
