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Politics : Welcome to Slider's Dugout

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From: RonMerks	5/22/2008 11:44:15 AM
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Adding more USO puts- IYSRV.X Added some June 100 puts on the USO today. I think the last couple of days looked like a short squeeze. Today financials are up and commodity plays down. I'll find out June 8th if I'm right. I'm still holding some longer dated puts from 80 to 90 that are under water. I think it's due for a pullback to 100 before June expiration and then a correction to 80 over the next couple of months. If my June puts expire worthless- I'll just order another Mai Tai and tell my wife- no clothes shopping for the rest of the trip <vbg>. Ron

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