Oil/Stock - Barely holding it today but it's the last couple of days of the contract so downward pressure is to be expected.
I think it's worth a fun toss on oil into Sept (Labor Day) with the UCO Sept $30 ($4.60)/$33 ($3.15) bull call spread at $1.45. Let's do 10 of those for $1,450 in the $25KP.
In the STP, we can sell 20 of the $25 puts for $1.05 ($2,100) and use that to buy 30 of the spreads for $4,350 for net $2,250 on the $6,000 spread.
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