Archive for:

At the beginning of last year I joined a group of financial bloggers for a stock picking contest that would last for 12 months with no adjustments allowed.  We didn’t put any money on the line for the contest (luckily).  My picks had a …

After letting my SLB shares get called away with my July covered calls I wanted to get some more oil exposure so I came back to more direct play with the oil ETF USO.  USO doesn’t trade dollar for dollar with …

I exited my last USO position with a loss.  That was on March 23rd.  Now that I’ve waited 30 days I can trade it again without having to worry about the tax implications from the wash rule stopping me from …

USO
I started the day by selling covered calls on my 300 newly acquired USO shares I had to buy at $31.00 (I paid $9,319.99 with commissions) from the February 31 naked puts that expired in the money (ITM).  USO started …

Today (even the past few days) has been interesting to watch how oil reacts to Ike, the hurricane, not Turner.

The AMEX Oil Index (XOI) is up almost 2%, but oil ETF USO is down a half percent.  I recognize they …

I charted USO this morning to get an idea of where the price of oil might find support.  Don’t get too excited when you see these numbers, USO and the price of oil are not equal and do not move …

I’m charting the oil ETF USO again after I last charted USO at the end of May.  I drew a few trend lines then and as our (those who eat and drive) bad luck …