Thursday, July 19, 2012

USO Update-Closing All July Calls

This from the Daily Mail UK

Is this the end game for Assad? Syrian dictator flees to coast and his British-born wife 'escapes to Russia'
USO has seen a lot of gains born of event risk, this may be some finality for the market and may slow crude down. I'm closing all remaining USO July Calls (all at a loss, but at least I'll have something left of the positions: USO July $34 -52%).

The charts...
 USO 1 min

 USO 2 min leading negative pretty quick

USO migration to the 3 min.


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