USO Going Wild with Iran News—Anyone Catch Those 30–40x Option Moves?
As geopolitical tensions heat up—particularly surrounding Iran—traders are flocking to oil-related plays, and the United States Oil Fund (USO) is front and center.
📈 USO closed at $83.12 on June 20, up +1.03% for the day. While that may seem like a modest gain, the real action has been in the options market, where some weekly and monthly calls have seen explosive movement—gaining 30x to 40x in value in just days.
So, what’s going on?
Tensions in the Middle East often trigger speculation-driven spikes in crude oil prices, and with Iran making headlines again, traders are betting big on energy volatility. These geopolitical flashpoints create fast-moving opportunities—especially for options traders who thrive on momentum and implied volatility.
The intraday chart (see image) shows a strong spike around 2:00 PM EDT, likely driven by breaking news or oil futures reacting to developments abroad. From there, USO held relatively steady, suggesting institutional accumulation or speculative positioning ahead of more headlines.
The Big Question: Did You Ride the Wave?
Some traders caught those explosive moves in short-dated options—likely buying out-of-the-money (OTM) calls just before the spike. These kinds of returns are rare and risky, but not unheard of when geopolitical catalysts align with technical breakouts.
💬 Are you trading USO right now?
Did you jump on any of those monster option plays? Or are you sitting this one out until the dust settles?
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