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11/16/2022
sell -1 Nov 25, 2022 $66 put at $0.23 (credit)
- probability ITM (assignment): 11%
- USO = $72.04
- 9 DTE
- max profit: $23
11/25/2022 (expiration)
buy back short put at $0.01 (debit)
PROFIT: $22
COMMENTS:
I decided to buy back my put because USO dipped down to $66.80 at one point.
At 10 am (PT) (expiration), USO closed at $66.96, so my short put would have been fine.
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