Thursday, July 5, 2012

Opened USO Put position in Options Model Portfolio

I went ahead with USO August $33 Puts. The position size id about 3/4 of a normal position size for my risk management which reflects the speculative nature of the trade with the event risk still out there, I just feel USO is overvalued compared to the FX correlation and the EIA is out of the way, which it hasn't done much with today.

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