Friday, October 12, 2012

USO Nov $34.50 Call Continues Code Orange

The USO November $34.50 call trade continues.  The status of the trade is Code Orange. The option is priced at $1.06. USO closed the week at $34.00. Some reasons for holding onto the trade are:

- Middle East tensions rising (all about Syria)

- USO having similar pattern when QE2 happened

- US economic conditions (especially housing) improving

Previous trades include USO (call and put)IAU, PINSPY, and FXC (calls twice) 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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