no one trading oil - why, page-56

They say a picture is worth a thousand words.

Below is the screen that I would look at when trading the US oil fund USO, and it also shows the option premiums available.  This screenshot is from the 23rd of February 2015 as indicated at the top.

As per my above post, I chose to sell the March $19.00 call and I receive $0.66 per share.  I have highlighted this option to make it clearly visible.

Just for the point of exploring what alternatives I had, what if I was only happy to sell my stock at $20.00 per share?  If I felt like that, I would sell a $20.00 call option for the month of April 2015 which is 52 days away.  In this case, I would collect an income of $0.72 per share as shown in the screenshot.  So it is just a matter of, select my price, select my time, and see what income I can get.  Every time I sell a call option, its more cash in the bank for me…