Options trade: Energy sector ETF (XLE) semi-bullish trade | How to manage an "unlucky" short-put trade

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Monday, 7/12/2021

sell -1 August 13, 2021  $51 put at $1.00

• prob ITM (assignment):  35.60%
• XLE = $53 (+0.155)
• oversold
• 32 DTE

Wednesday, 8/11/2021

buy back short put at $1.00 to break even

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