Portfolio Moves:
- Gotta pay the 0.10 to kill the UCO July $6 puts in the LTP. We can always reload. Will take all of 2 months to get the last dime out of that one otherwise.
- I also want to cash out our 50 USO 2017 $18 calls ($4.85) as I don't think we'll do better and they are 1/2 premium. If oil does go higher, I'd rather have 100 $20/25 spreads at $1.80 to cover our shorts.
- In the STP, we have 50 USO July $20 calls, now $1.75 so let's take that and run too.
- In the STP, we can sell the SCO July $45 puts for $2.25 and use that to fund the June $54/60 bull call spread at $2 - let's try 10 of those and see how they go.
Can't do anything with the $25KP (July $20s long, May $20s short) as we can't go naked short, so no change there.
We like /CL (oil Futures) short here ($60.75) as well, stop if they pop $61.


