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Friday, March 3, 2023

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

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1/30/2023

sell -1 Feb 3, 2023 $66 put at $0.40 (credit)
  • 4 DTE


2/3/2023 (expiration)

At 7:27 am (PT), I bought back my short put at $0.01 (debit).

It's a good thing I did that because at expiration, USO closed at $64.40 (below my strike price!).

PROFIT:  $39