Oil price volatility is creating new opportunities in the financial market. The United States Oil Fund (USO), which best tracks oil prices, offers investors accessible options to generate profits:
Statistically, oil prices may remain range-bound, which is favorable for short-term strategies. Oil prices are supported by the U.S. Strategic Petroleum Reserve (SPR), and high supply levels may limit price increases:
Investors can sell the USO August 28th weekly $100 put at $2.40, potentially securing an annualized return of over 18%.
