NaughtyPines

BOUGHT TO CLOSE USO JAN 17 7/APRIL 1ST 8.5 SYNTHETIC LONG

AMEX:USO   UNITED STATES OIL FUND
Closing this synthetic long USO play here for a small profit. My timing was a bit off as to entry (I went long on the break of the 2009 low at 32.70), and we may have seen the short-term end of the up move here.

Will consider reloading another synthetic long now that a new low of some kind has been put in ... .
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