Free Trade: OIH

March 11th, 2010

Genius

Here’s another trade that looks good.

OIH seems to trading in a range so a condor or butterfly might work here, but I am just looking at selling some puts for now.

Sell the Apr 115 puts and buy the April 110 puts for a credit of .56.

That’s about a 12% roi.

Again, trade at your own risk. I am not using real money on this trade.