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Good support for USO at 29

Bought 1/2 block of USO at 29.10, and hedged the shares with 50 May strike 27 calls at 3.20/contract.  This hedge provides an intrinsic value of 1.10/contract.  That is both a good premium as well as a very protective downside protection for the underlyuing shares, should USO tests the 27 level.