Selling 10 USO 37 Calls

Today I'm selling options on the USO-US Oil Fund ETF by selling calls which is a bearish strategy.

When selling options, the question is not where the stock is going, but where it is not going. With that being said, I sold 10 USO 37 Calls at 0.25 looking for income from the time decay.

Why bearish? Looking at the one month chart, I see a bearish flag forming making me believe that the price of the USO will go lower in the short term. But keep in mind, the news of the day can dramatically increase the price of oil which in turn will increase the share price of the USO- US Oil Fund ETF. So careful watch of your shorted options positions is a critical due to the unlimited risk involved with selling options. Nevertheless, I have time on my side.