Oil and more stock market stuff.

Oil is really looking good here. The best way to trade Oil is to buy oil futures, but there are easier ways.
USO is an oil fund. One can buy USO if you feel oil is going up or short if one think's its going down. I would prefer buying calls on USO , it can go down more but it made a low at 33.08 when Oil hit $40.5 or so last week. Now USO is $34+ after going as high as 37-38.
Long term USO might be a good buy here, but keep in mind many analysts are talking of $25 oil. in any case the risk/reward ratio looks good here.
Best way is to scale in , but a bit now, that way if it goes down more, you have ammo left to buy more etc.
In any case while trading its aways best to use only 10% of the capital for any particular trade.
While buying options try not to buy the front month, buy as far out as possible. Meaning right now do not buy December calls, they expire pretty soon ( 2 days ).
Buy Jan or Feb if you want to buy. Also its best to buy in the money or at the money calls/puts.
Never buy too much out of the money just because the cost is lower.