UWTI, no options on it - but it's cheap, gets a lot of daily trade. Looking at the 1-day, 2-day range, pretty common to see some 20c moves per day, 40c in a week. So you buy 1,000 shares, catch a 40c move, and you're out with $400. Cheaper to trade equities - $9.99 I think in this TDA account each side. Much cheaper than options. 1,000 share trade ties up $1200 of buy power, just like a 6-lot $2 credit spread. But no comms. No theta. No gamma. Looks like it's due for a rev split soon, play it while you can....if you ever get a chance to go long, that is.....
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