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Friday, 3/24/2023 (11:16 am, PT)
sell -1 March 24, 2023 $61 put at $0.16 (credit)
- 0 DTE (expires in less than 2 hours)
- prob ITM/assignment: 39% (high)
- USO = $61.20
Friday, 3/24/2023 (1 pm, PT) 🠈🠈 expiration
- USO closed at $60.96
- My short put was in-the-money by $0.04
- I could have tried to buy back my short put to avoid assignment, but the bid/ask spread was over $0.10
- I chose to take the assignment
- I had to buy 100 shares of USO at $61/share
Monday, 3/27/2023
USO jumped over $3/share, so I sold my 100 shares at $64.05 and took a quick profit.
TOTAL PROFIT: $321 (in 2 trading days)
