United States Oil Fund (USO)

[jrf30]

"However, might increase position if we hit 11 again."

That's how i'm thinking. BUT ... I'm getting paid to think it. I sold 50 June puts today when we were at about $11.68. got .12 and .13 for them. SO if we hit that $11 number, I'll buy, but if we don't I'll still pocket some profit.

Sold puts for months until I was put them a few months back. then, sold calls while owning them, and had them called away in May. Now selling puts again, and still bringing in some cash every month, whether I am long or out of the position.

I hope it goes down a little between now and June 17th, but not to $11. Maybe $11.20. If so, I'll sell the July $11 puts for a lot more. And if it goes down more, I'm fine buying in the upper $10s again, especially after just selling in May at a profit.