FREE OPTIONS TRADING LESSONS HERE.
12/2/2022
sell -1 Dec 9, 2022 $67.50 put at $0.80 (credit)
probability ITM (assignment): 30% (kind of high for a 7-day trade)
USO = $69.85
7 DTE
12/9/2022 (expiration)
USO traded around $62.85 all day, so my short put was in-the-money.
I chose to take the assignment instead of rolling the put because I want to sell covered calls against the ETF.
I do not intend to hold this ETF "forever." My goal is to get "called away" within the next 3 months.
