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UCO Calls for Jan2012
Old 06-04-2010, 02:09 PM   #1
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UCO Calls for Jan2012
Took a gamble that oil will push back up between now and Jan. Picked In the $ calls. Anybody else trading UCO?
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Old 06-04-2010, 02:49 PM   #2
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Nope. But I added a bunch of Jan 2012 $25 calls to my CHK equity position yesterday morning. Betting that a low cost producer of onshore nat gas will do well if drilling becomes suspened for a long time in the GOM (or simply a lot more expensive).
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Old 06-04-2010, 08:30 PM   #3
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I have about 700 shares. Seems the range tops out at about $14.50

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