Taking some profits in Oil

From a chart standpoint USO is up around a 38.80 resistance point.  I wouldn't be surprised to see a traceback--although the fundamentals for oil could easily override this.  Since I only had about 0.33 of time value left on my Jan 37 calls with more than two weeks before expiration I closed out that covered call position, hoping to buy back in at a cheaper point.   I did a net credit order at 36.66, about half the spread.   USO sold at 38.99,  the calls at 2.32.  My net profit on this position was 1.00 per share.

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