Oil Yolo: Rolled USO Weeklies & Added BNO Calls. Bought the Dip on CVNA & LUV Puts

**Rolled USO weeklies from April-8 $116C to April-10 $110C. Bought the dip on BNO April $43C. Added additional CVNA Puts and LUV Puts.**

**Thesis**: The war will likely continue. No matter what happens, we cannot give Iran the World’s most important waterway. At normal traffic their $2 M per ship toll x 100 ships per day x 365 = $73 Billion a year. And they would deny access to US and allied ships indefinitely. The US has no real option but to stay in the conflict or take a humongous L. That would be a major blow to our financial position and world prestige.

**Positions and Disclosure**: I am a retail trader and not a financial advisor or oil pro. I hold 4 x USO Calls, 6 x BNO calls, 20 x LUV puts, 2 x CVNA puts. I roll in the money weekly options. This is an extremely volatile position.

**BFLO-Retail**