I’m sorry, but a 9.63% profit in two trading days? And to do it in oil, the most wild and tempestuous market on the planet? I’m outta here!

Yes, I am leaving a little money on the table taking a profit here, capturing only 47% of the maximum potential profit ahead of next week’s expiration.

But, if there is a take the money and run market, it’s oil. There is no such thing as “long term” in the oil market.

Sometimes you have to take a profit, not because there’s any logic to it, but because it’s there.

You may recall my logic for going short Texas Tea at the Monday morning highs.

Rising oil prices are highly unlikely in the face of a rising US dollar, which is shaving points off the entire commodity and energy space by the day.

Saudi oil minister Ali bin Ibrahim Al- Naimi was fired over the weekend for being too dovish on oil production. The hawk that replaced him is expected to ramp up the Kingdom’s oil production from 10.5 to 11 million barrels a day by the summer.

This is in the face of rapidly rising production from Iraq and Iran. If Libya can get its act together, and it might, it would be the final nail in the coffin for oil.

It’s looking like the damage to Canadian oil tar sands production by the incredible Alberta fires was not as bad as originally feared.

May is also the weakest oil demand month of the year, when many refineries are down for maintenance.

It is an old trading nostrum that if you throw good news on a commodity and it fails to rise, you sell the heck out of it.

Keep in mind that low priced options like those for the (USO) generate large numbers of contracts to execute a trade, meaning that commissions are more important than usual.

Now would be a great time to ask your broker for a commission cut. That is much easier to do than you realize.

If you are paying too much, it will eat up a good chunk of your profits on this position.

To see how to enter this trade in your online platform, please look at the order ticket below, which I pulled off of optionshouse.