Just posting some trades I made right before the close.

Bought UWM and went short the USO by buying June 100 puts.

I’m looking for a severe pullback in Crude. In these type of trades I’m right immediately then I get giddy with the profits, take them and move on, however, they end up being really nice if I just stay put. Like JOYG and DRYS more recently. Anyways, I see that type of trade setup in OIL/USO right now.

So if Crude prices drop, expect VLO and TSO to pop big and maybe MRO as well since they have a big refining business as well. CVX could get some action too on that.

*note I don’t know why this didn’t post yesterday.

If you like this post, check these out too

• May 19, 2008 -- Scored Some Ka Ching With A Morning Short
• February 22, 2007 -- Every Oil Stock Looks Good
• July 16, 2008 -- A Glorious Day Indeed
• July 16, 2008 -- Unleash, The Kracken

Thanks for reading

Want to know when I post again? Subscribe to the StockRake feed: .