Wow. USO dipped down to $50 then spiked above $53. Up market or down market, ETF Covered Calls is making money for me. We’ll see what happens over the next three weeks until options expiry. In the meantime, with the Fed meeting over and no change in the Fed rate, all the action seems to be in the “BRIC” countries (Brazil, Russia, India, & China). Speaking of China, it’s still in the stratosphere! Man FXI has been red hot for 12 consecutive months now! Too hot for my tastes though. I might get back in the game with GDX in my mini-account. We’re mid way through the year so here’s a special posting of ETF Covered Calls, Energy Covered Calls and Naked Puts.
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