Oil investories will be released this morning. Here are straddles for March (2 days from now!).
As usual, UCO is the better bet since it moves 2X in relation to USO and is very close to a strike price. The maximum moves shown above are computed with StraddlesCalc Tool.
Here are the same straddles for April:
Please do your own due diligence. This is not advice. Options are very dangerous and may cause 100% loss.