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USO covered calls with weekly options

USO in trading range

September 7, 2010 by

For a couple of weeks USO has been in a trading range between 32 and 33.5.   Bought USO at 32.77 and sold S33 10-Sept calls at 0.30.  Break even is 32.47, maximum profit is $0.53 per share.

Tags USO, USO covered calls, USO covered calls with weekly options Leave a comment
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