Oil appears to be breaking down. When we chart $WTIC Light Crude (which you should) we see a bearish ascending triangle pattern and think playing DUG Proshares Ultrashort Oil and Gas ETF as a call, is both a very high risk trade on oil going down, but one worthy.
Buy DZGKN November Call (inverse trade) DUG (Proshares Ultrashort Fund) at no higher than 1.70 per contract. Let's watch for 100%% returns, and keep our eyes open on stop loss. This will be a potentially very volatile option.
