USO has shown a little restest today & yesterday but is maintaining it's steady bullish trend.
I started looking at a BLPS Jun 100/99 for a credit of $0.35 as I was seeing a lot of consolidation along 100 as support. I'm now looking at the Jun 99/98 for credit of $0.25 instead. You get $1.00 more protection and only give up $0.10 on the credit.
I ended up getting a better credit than expected because it dropped slightly this morning.
SOLD VERTICAL USO JUN 08 99/98 PUT @ $0.30 credit
0.30/Risk of 1.00-.30=42.8% ROI potential
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