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US Oil (USO) Trading Near $10 Support Level

May 19, 2017 ( via COMTEX) --

A covered call identified by's patented algorithm on US Oil (<a href="">USO</a>) could yield about 10.13% (15.09% annualized, for comparison purposes only) in 245 days. Pair a long position in the stock with the Jan 19, 2018 $10 call for a net debit of about $9.08. This position also has 11.50% downside protection. US Oil closed at $10.26 May 18, 2017. Technical indicators for USO are bearish and support and resistance have been about $10 and $10.44, respectively.A

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