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Friday, January 13, 2023

Options trading : US Oil Fund ETF (USO) semi-bullish trade

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1/6/2023

sell -1 Jan 13, 2023 $59 put at $0.13
  • 7 DTE
  • probability ITM = 7.46% (high probability of success)
  • USO = $64.91


1/13/2023 (expiration)

USO closed at $70.05
My short put expired perfectly

PROFIT:  $13


COMMENT:  This was a very short-term, high-probability (of success) trade