Wrong. 1. USO ETF is not a stock, it's an exposure to oil price...

Wrong.

1. USO ETF is not a stock, it's an exposure to oil price futures. It can blow up (go to zero or have forced redemptions). This has happened before with volatility ETFs that attempted to replicate an index by buying futures. Sound familiar?

2. 'Lowest stock can go is 0.001'. Really? Stocks can go to zero. They frequently do. Stocks can also be delisted at a non-zero price which ceases all trading which is as good as going to zero. See Virgin Australia from a day ago for an example. Good lord.... Also, see my previous post, anyone interested in understanding futures and how risky they are ESPECIALLY when they are put in a 'safe, easy to invest' ETF wrapper with some nice marketing attached.