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Order placed Monday morning:

2009-May-11

BUY +1,000 USO @ 32.14

SELL -10 USO Oct 09 30 CALL @ 5.00

USO - Risk Profile

Downside Break Even Point

(Net Investment – Dividends) / Shares Held

(27,140 – 0) / 1,000 = 27.14

Percent Downside Protection

(Initial Stock Price – Break Even Price) / Original Stock Price

(32.14 – 27.14) / 32.14 = 15.5%

Return if Unchanged

(Unchanged Stock Value + Dividends – Net Investment) / Net Investment

(32,140 + 0 – 27,140) / 27,140 = 18.4%