Friday, June 6, 2008

CLOSE: USO Bull Put Spread + 28.6%

On 5/23/08 I opened a bull put spread as follows:
SOLD VERTICAL USO JUN 08 99/98 PUT @ $0.30 credit

Today I exited out with my automatic exit order for a nice profit:
BOT VERTICAL USO JUN 08 99/98 PUT @ $0.10 debit

.20/1.00-.30 risk= 28.6% in 14 days

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