USO - Open Position

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 ...

USO - Open Position

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 ...

USO - Open Position

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 ...