$UBS AG Etracs Crude Oil Shares Covered Call ETN (USOI.US)$ ...

$UBS AG Etracs Crude Oil Shares Covered Call ETN (USOI.US)$ ​I like USOI, I really like USOI, and I will explain why. I also like covered call ETNs, because this ETN really performs well in this type of marco environment. I also love dividends, and this one has historically given out between 12 to 20%. I also like to see my money come in monthly, and this one does pay monthly. In the short run, USOI offers an exceptional opportunity to participate in the crude markets. I can't say I will hold this forever, but I'm holding it for the foreseeable future. All the reasons above in my book are great reasons to try to get in this one on a dip or at least have it on the watchlist. I could write a page about how the oil demand is solid for many reasons, like china re-opening. I posted this one back on 12/10 when you could pick it up for 77; I also mentioned they demand oil in that post.

The main reason why I enjoy this stock is because of the price action. Let's review quickly, and to save time, we will look at the last month; keep in mind I posted on this one on 12/10. On 12/10, it was 77; then it went to 82 on 12/14 difference of 6.50%. Then on 12/20 back to 78, then it went to 83 on 1/3/23, again a difference of about 6.50%. On 1/4/23, it went back to 77, then again to 82 today. It's true I could not hit all three of those, but I hit two of them. As I mentioned, some stocks are traded differently because of price swings, high dividends, and low risk. I like to average down but also take profits when available. True, one could average down and make a 12% to 20% annual return on this one. But being able to trade 35% to 45% of my position while average down gives me an average of 6% to 10% gain in any given month with this stock. If you can read a basic chart, look for yourself. You can even go back a year instead of a month, and you will see a year ago, the price was about 77 and went up to 92. You can even go back to 10/23/20 when it was 48 and know it's been on a general upward trend since then.​