Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Potential US Oil (USO) Trade Could Hit 11.33% Return

Mar 21, 2017 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on US Oil (<a href="http://www.marketintelligencecenter.com/symbol/USO">USO</a>) could yield about 11.33% (13.58% annualized, for comparison purposes only) in 305 days. Pair a long position in the stock with the Jan 19, 2018 $10 call for a net debit of about $8.98. This position also has 13.06% downside protection. US Oil closed at $10.32 Mar 17, 2017. Technical indicators for USO are bearish and support and resistance have been about $10.25 and $10.47, respectively.A

(C) Copyright 2017, Marketintelligencecenter.com. All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 48.16
Nat Gas 3.019
Corn 358 6/8
Cotton #2 77.34
Gold 1248.6
Copper 2.6395
Euro 1.08440
USD Index 99.468
SP500 E-mini 2342.25
DJIA E-mini 20596
close_icon
open_icon