Find out everything that you need to know about the Oil ETF, USO! See more trading videos: http://bit.ly/1tzG9Ju The large moves in Oil (/CL) have provided us with some good trading opportunities. However if you are uncomfortable trading the large futures product, you can use USO instead. USO is the oil ETF that tracks the price of oil. Since the fund can not hold he physical product, they have to continuously roll the futures contracts. This causes a natural drag when the futures market is in Contango (front month futures are more expensive than back month futures). Due to this drag, USO has been underperforming /CL in recent months. Today, Tom Sosnoff and Tony Battista take a look at how closely USO tracks /CL. They find that on average this year for every $1 gain in /CL, USO will move $0.31. The guys also explain how USO is a good trading vehicle but due to the drag, should not be used as a long term buy and hold investment! ======== tastytrade.com ======== Finally a financial network for traders, built by traders. Hosted by Tom Sosnoff and Tony Battista tastytrade is a real financial network with 8 hours of live programming five days a week during market hours. Tune in and learn how to trade options successfully and make the most of your investments! http://goo.gl/EaF69C Subscribe to our YouTube channel: http://goo.gl/Szl24S Watch tastytrade LIVE daily Monday-Friday 7am-3pmCT: http://goo.gl/EaF69C Download our mobile app, Bob the Trader: http://goo.gl/zgIyco Follow tastytrade on Twitter: https://twitter.com/tastytrade Become a fan of tastytrade on Facebook: https://www.facebook.com/tastytrade Follow tastytrade on LinkedIn: http://www.linkedin.com/company/tastytrade Follow tastytrade on Instagram: http://instagram.com/tastytrade Follow tastytrade on Pinterest: http://www.pinterest.com/tastytrade/
Visibility: 8687
Duration: 14m 14s
Rating: 34