$30,000 Thursday – Making Big Money While The Market Crashes
March 26, 2015 at 10:23 AM EDT
USO has less decay so safer to sell puts on though there is some decay over time. Jan $13 puts can be sold for $1.25 to pay for the UCO play or you can establish a similar spread in July with the $14/18 bull call spread at $1.85, which would be net 0.60 if played with the short puts.