I’m back into USO after selling my shares and buying back my 24-September S33 calls last Friday for a net credit of $32.97 per share. Bought USO this morning at 33.01, sold-to-open S33 calls at $0.44. Breakeven is 32.57, maximum profit is $0.43 per share. Best case this is a 1.3% return for a 5 day investment.
- Saving money with combination orders
- USO—back in at 32.40
- USO in trading range
- Playing the weeklies…
- Weekly options for the masses–SPY, QQQQ, IWM, DIA and others
Tuesday, September 28th, 2010 | Vance Harwood