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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: peter michaelson who wrote (111899)10/15/2008 11:51:05 AM
From: The Reaper  Read Replies (1) of 206209
 
The only way that I can see is to go ahead and buy the USO with it's inherent flaws and write out of the money calls to offset the slippage every month and hopefully generate a little income along the way. Just make sure they are well out of the money. Premiums are pretty good. USO is pretty much the same price as it was the last week of Sept. 2007. Crude is practically the same price so slippage is not that bad over the long term. There are some days that USO will not shadow crude.
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