Playing for a bounce in oil


Wednesday, May 5th, 2010 | Vance Harwood

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.

Wednesday, May 5th, 2010 | Vance Harwood
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