Tag: Options

STC: USO Nov 16.5 Calls

SLD TO CLOSE (STC) Sold To Close (STC) Half of our position in USO for a double. We will hold the rest of the position at least through September. Now that we have doubled our money, the remaining half of the trade is free. Oil will probably pull back...

BTO: GLD Dec15 Calls

BOT TO OPEN (BTO) GLD: Dec15 Call @ $3.99 Gold appears to be in play after it's pullback to the 50% Fibonacci level from it's swing low on 7/24 to it's swing high on 8/24. We are looking for a price target of approximately $114 on GLD.