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Wed. 3/8/2023 (12:34 pm, PT)
sell -1 March 17, 2023 $60.50 put at $0.10 (credit)
- 9 DTE
- prob ITM/assignment: 6.18% (very low!)
- USO = $67.12 (-0.73)
Fri. 3/17/2023 (expiration)
USO closed at $58.66
My short put ended up "in-the-money," so I got assigned 100 shares at $60.50/share
Wed. 3/22/2023
I sold my 100 shares of USO at $62.50 ($2 higher than my assignment price)
TOTAL PROFIT: $10 (put premium) + $200 (100 shares) = $210
NOTE:
Notice that the probability of assignment for the March 17 put was only 6.18%, but I still got assigned. In this case, the trade worked out nicely because USO rose after I got assigned. Thus, I was able to make a nice profit in a very short time.
