Free Options Trade On USO

Here is a trade I found today.

83.17% probabiliy of profit and a potential 17% gain.

Sell  Aug 30 Puts at .50 and Buy the Aug 28 Puts at .25.

Total cost: .25 per spread.

If you look at the USO chart, there is some resistance at 31.60 so thi strade should do nively.

What do you think?

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  1. Jesse on July 17, 2009 at 12:19 pm

    Looks pretty strong from a technical point of view. The ~$30-$31 support seems to have been tested in Jan, Mar, Apr, May, Aug 2009.

  2. Steve on July 22, 2009 at 3:49 pm

    How is this trade working for you?

    • Genius on July 24, 2009 at 10:28 am

      So far, so good.
      On the 24th, this trade is already up over 5%. Unless there is a total collaspe of oil this trade should be fine.

  3. Eddy on July 29, 2009 at 6:34 pm

    I can still get a credit of .25 on July 29 08 if I chose to execute this trade. The same credit as we received on July 17 09.

    I got last Fridays AAPL trade filled at .49 yesterday (July 28 09):)

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