Oil's Wild Ride Fuels a Premium-Collecting USO Put-Sell

Oil volatility driven by Middle East tensions and SPR constraints has boosted USO option premiums. The piece endorses selling an out-of-the-money cash-secured put on USO (for example, the August 28 weekly $100 put at $2.40) to collect premium, aiming for about an 18% annualized return. If USO stays range-bound or climbs, the premium decays for profit; if assigned, you can buy USO at a discount and potentially use covered calls to lower cost basis. The setup relies on a floor from SPR and ongoing supply constraints amid uncertain demand.