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Bought 12 calls on USO last Friday at .07. Opening bell today they jumped to .18. On a $72 dollar investment the return so far is 175%. Market value of $218.
USO 10.5 put's are basically kaput but no reason not to see it to the end. $70 investment has a market value of $15. Loss of market value, 81%. No reason not to ride it out.
BAC I won't get too specific but market value on initial investment has risen 201% in less than 10 days.
Options are so fun.
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