USO MAY $28 CALL IS IN-THE-MONEY. ROLLED OUT TO JUNE IN ORDER TO AVOID BEING ASSIGNED

USO
03/20/09 Buy to Open 16 USO Jan. 2011 $31 Calls ($8.20)
Sell to Open 16 USO April $31 Calls at $1.70
Cost basis is ($8.20) - $1.70 = ($6.50)
April $31 call expired worthless.
Sell to Open 16 USO May $28 Calls @ $1.30
Cost basis: ($6.50) - $1.30 = ($5.20)


4/24/09 Buy to Close 16 +UBOEB May $28 Call @ $1.95
Sell to Open 16 +UBOFB June $28 call @ $2.70
Cost basis ($4.55) = ($5.20) - $0.75