**Bought 10 x March-11-26 USO $94 Calls on Friday.** Was vaguely pulling for a +20-30% Monday open, but rumors G7 *might* release 300-400 million barrels dipped the market.
Good thing I love dip.
Big shout out to [u/Careful\_Response4694](u/Careful_Response4694) with the insight that President Trump could impose export controls to crash WTI prices. With that in mind I'm crossing the Atlantic for some North Sea Tea.
**Realized Profit:** $12,525 from sale of 10 x USO March 11-26 $94 Calls
**Rolled Position Into:** 10 x USO Mar-18-26 $100 Call
**Bought Additional:** 10 x BNO Apr26 $40 Call
For now I am not paying a ton of attention to the G7 chatter. A 300-400 million barrel release would knock \~ 25% dent out of their strategic reserves during a time of major conflict. I wouldn't be surprised if they announce below that number or on the smaller end of that range. And what they are doing is equivalent to putting a band aid on an amputated limb.
**Until the Straits of Hormuz show meaningful traffic, I will be long oil.** I am not emotionally attached to this trade. Once the Straits open it's puts all day.
**Side quests:** I am holding CVNA Puts and OKLO Puts. These trades gain as oil rises.
**CVNA Puts:** Carvana transports almost every vehicle hundreds of miles. Higher fuel prices could smash CVNA's already hurting gross per unit (GPU). Carvana trades at 50 x earnings and "creative accounting" is an additional risk to share price.
**Oklo Puts:** Oklo has a cool concept and emphasizes their FAST reactor technology has been around for decades, but nobody has been able to make a profit doing what they are doing. In a risk-off market OKLO's $9 Billion market cap seems beyond excessive\*\*.\*\*
**Disclosure**: I am a retail trader, an automotive dealer, and not a financial professional. I have no professional or insider knowledge of the oil industry or nuclear insider.
[u/BFLO-Retail](u/BFLO-Retail)