Crude pulled back from 50 to 42 down about 16% in just a day. I believe this is the biggest percentage drop in many years.
The pull back is good since I've sold the 36 calls.
SOLD -1 USO 100 JAN 09 36 CALL @1.45 PHLX, USO MARK 33.36
Sell USO 36 Call credit 1.45
1/7/09 The USO rallied almost nonstop from 29 to 38. After the big rally, USO along with crude oil futures pulled back.
Crude pulled back from 50 to 42 down about 16% in just a day. I believe this is the biggest percentage drop in many years.
The pull back is good since I've sold the 36 calls.
SOLD -1 USO 100 JAN 09 36 CALL @1.45 PHLX, USO MARK 33.36
Crude pulled back from 50 to 42 down about 16% in just a day. I believe this is the biggest percentage drop in many years.
The pull back is good since I've sold the 36 calls.
SOLD -1 USO 100 JAN 09 36 CALL @1.45 PHLX, USO MARK 33.36
0 comments:
Post a Comment