FREE OPTIONS TRADING LESSONS HERE.
11/15/2022
sell -1 Nov 18, 2022 $69 put @ $0.17
- probability ITM (assignment): 11% (low)
- USO: $73.26
- 3 DTE
11/18/2022 (expiration)
USO closed at $69.03! (just 3 cents above my strike price!!)
My short put expired "worthless"
PROFIT: $17
NOTE: It was totally crazy at the end. The "bid" was $0.03 and the "ask" was $0.09 with just seconds remaining until the closing bell. My buy-to-close limit order of $0.01 never filled! Because USO kept hovering around my strike price of $69, I was willing to take the assignment. That's the reason I refused to spend $9 to buy back my short put option.
