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Showing posts with label USO Dec 9 2022 $67.50 put. Show all posts
Showing posts with label USO Dec 9 2022 $67.50 put. Show all posts

Friday, December 9, 2022

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

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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.