**Thesis**: [Oilprice.com](https://oilprice.com/Latest-Energy-News/World-News/Buyers-Scramble-for-Seaborne-Oil-as-Middle-East-War-Continues.html) reported oil floating storage has fallen from 140 mb to 78 mb in three weeks of conflict. Three more weeks will take this number into critical flashing red territory.
**Trump has declared the military operation will start winding down.** Meanwhile additional ships and marines are heading to the conflict zone. This reminds of the old guy at the poker table saying "Well it's time for me to go home" as he pushes all his chips into the middle. Nice try Grandpa.
**Rolled $USO Calls to 3-25-26.** Will continue rolling weeklies to keep premium low and Delta high. I trade in the money (itm) options to target a Delta of .80+. Every dollar the underlying gains my positions will rise **more** than $80 per contract and for every dollar the price drops my position will fall **less** than $80 per contract (Delta rises as underlying moves deeper itm and Delta falls as underlying drops closer to the money).
Certain degenerates have called me deeply hurtful names for using this approach instead of yoloing deep OTM calls. They have badly hurt my feelings and I will have no choice but to cry into a huge pile of money.
**Positions and Disclosure:** I am a retail trader and not a financial advisor or commodities expert. I am long USO and BNO. Short CVNA and GLD. Would love to add more physical gold \~$2000 an oz. The chances of that happening are higher than some of the fanatic Gold Bugs on rddt would like to admit. And CVNA is just begging to return to well-deserved 2022 numbers.