Tuesday, January 20th, 2009
My Jan position got called away so I am going back to the well with USO. This time I went one strike farther down. The details:
Buy: 100 @ $30.41 ($7 commission)
Initial Investment: $3048.00
Sold: $27 strike @ $4.60 ( $8.25 commission)
Net Investment: $2596.25
Expected Return: 3.04%
I am ok with holding this ...
Posted in Rick Position - New | No Comments »
Friday, January 2nd, 2009
Today I opened a position in USO. I got involved in this last month and am going to take the plunge again. The details:
Buy: 100 @ $33.15 ($0 commission)
Initial Investment: $3315
Sold: $28 strike @ $5.80 ( $5 commission)
Net Investment: $2740
Expected Return: 2.00%
I am ok with holding this etf for a ...
Posted in Rick Position - New | 2 Comments »
Tuesday, December 9th, 2008
Today I opened a position in USO. I've been looking to get into oil around $40. I don't believe we will get to $20-$25 oil. If that happens production will stop so much that supply will deminish. I tried to establish a position in DIG yesterday which would benefit from ...
Posted in Rick Position - New | No Comments »
