Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Sold last position on USO and Bought to cover June strike 31 calls.

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

Sold at shares at 37.12, and covered calls at 6.10 for 112% of the maximum time value.  This happens only when i decide to cover the calls and wait till the shares slightly surge a little.  I'm completely out of USO for now.  I expect resistance at 38.