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USO is challenging the 32.70 resistance again.

|Includes: The United States Oil ETF, LP (USO)

Keep in eye on this ETF.  If that level is successfully surpassed, USO could trade 38 very quickly because it has lagged the price of oil crude significantly.  Writing June strike 31 at 2.55/contract against the current price of the underlying shares is a great way to commence a "buy and Hold" position.  you an .85/share in intrinsic time value.