UCO Covered Call or SCO Naked Put

March 4, 2011 in Daily Outlook

image thumb15 UCO Covered Call or SCO Naked Put

UCO, ProShares Ultra DJ-UBS Crude Oil (currently trading at $55.25), covered call July $35 strike would collect $20.80 and cover loss down to $34.45. If UCO is called away it would an effective sell at $55.80.

image thumb16 UCO Covered Call or SCO Naked Put

SCO, ProShares UltraShort DJ-UBS Crude Oi ETF (currently trading at $43.60), naked put July $65 strike would collect $22.90 and be an effective buy in at $42.10.

© 2011, mytradingblog.info. All rights reserved. On republishing any content from MyTradingBlog.info you must provide link to original post. Privacy Policy. Full Disclaimer – All content on and from MyTradingBlog.info is strictly the opinion of the author. The author makes no claim to be qualified to offer advice regarding any topic contained within this site. Any interpretations or executions made using any content on this site as a guide or reference should be subject to your own discretion and due diligence, and are conducted at your own risk. Site developed by Sticky Web Services. If you like this, please check out my other blog Should Not Be News

Related posts:

  1. AAPL Sell JUN $295 Covered Call
  2. View My Charts LIVE–Just Added to MyTradingBlog.INFO