United States Oil Fund (USO): I am short the covered calls for $11 end...

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Re: k00lrav post# 1541

Wednesday, 08/17/2016 3:39:51 PM

Wednesday, August 17, 2016 3:39:51 PM

I am short the covered calls for $11 ending this Friday. Got some good money for them, but would love it if it ended about $10.98 or so on Friday. smile

smile

But if it goes higher, I can buy the calls back still at a profit, as the time value is out of them, or even let them go if I decide to wait for a pull back and write the puts instead after losing them. OPtions, options, in more ways than one. smile

smile

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