Posts Tagged ‘USO’

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…

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Option Trade Results: April 2009

(Option Trade Results) Had a good month in April. Total return was a gain of 11.87%. I put on four trades and all four were winners. We had an Iron Condor on the RUT, a Credit Spread on POT, a not so naked Put on C, and a butterfly on USO. I expect May will…

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