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, PIN, SPY, 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.