Drama in Iran Sparks Elevated Options Activity in Popular Oil ETF
January 07, 2020 at 11:28 AM EST
The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, jumped nearly 3% last Friday after a U.S. drone strike Major-General Qassem Soleimani, the leader of an elite Iranian military force and suspected mastermind of numerous terrorist attacks. Tehran’s...