USO has dropped from recent highs around 41, down to the mid 36s. I did covered calls at a net debit of 35.59. Bought USO at 36.57 and sold to open Feb 37 calls ( or “-UBO100220C37″ in Fidelity speak) at .98.
Follow Six Figure Investing
- Opened $SPY Feb 10 call spread S135/S136 for net credit of 0.29
- Trading ETFs without getting fleeced. Tapping into hidden liquidity. http://t.co/BhHM8LWG #li
- Sold $IEF Feb Call Spread S106/107 for .38 credit #li
