Thursday, May 23, 2013

SCO / USO

On the first pullback, I'll probably close my SCO long positions and hold my USO calls. The SCO trade could be left open as it is longer term USO down, but for the scenario laid out, max profit is taking profits in SCO, letting USO ride out the upside and at the right time going short USO by adding SCO long back to the mix.

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