Monday, September 24, 2012

New Bearish Trade In USO

The November $34.00 Put option for the oil ETF USO has been bought. The price of the option was $1.81 before commissions and fees. The target for the option is $2.50. USO is currently trading at $33.86.

Previous trades include USOIAU, PIN and FXC options. 

If a more conservative approach is more to your trading style, Trading Futures ETF Options also follows Sell The Call, a blog covering all things covered call. 

**Disclaimer** - This is just trade and or futures options information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing. 

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