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Friday, March 24, 2023

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

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3/24/2023 (11:16 am, PT)

sell -1 March 24, 2023 $61 put at $0.16 (credit)
  • 0 DTE
  • prob ITM/assignment: 39% (high)
  • USO = $61.20

later that day . . . 

USO closed at $60.96 at 1 pm, PT, so my short put was in-the-money by exactly $0.04!

I could have TRIED to buy back my put at $0.04 to avoid assignment, but I chose not to do that.