I closed out the option portion of my covered call on USO, buying back the 41 May call options at .30 (sold them at 1.33). It’s tempting to sell 39 calls now, they are at around .8 right now, but I’m pretty bullish on USO bouncing back.
Follow Six Figure Investing
- 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
- Bought $XVZ at 56.92, $JNK at 39.48 in 1:4 shr ratio. $JNK goes ex-div tomorrow. Expected div .23/shr #li
