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Showing posts with label USO Nov 25 2022 $66 put. Show all posts
Showing posts with label USO Nov 25 2022 $66 put. Show all posts

Friday, November 25, 2022

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

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11/16/2022

sell -1 Nov 25, 2022 $66 put at $0.23 (credit)

  • probability ITM (assignment):  11%
  • USO = $72.04
  • 9 DTE
  • max profit:  $23


11/25/2022 (expiration)

buy back short put at $0.01 (debit)

PROFIT:  $22


COMMENTS:

I decided to buy back my put because USO dipped down to $66.80 at one point.

At 10 am (PT) (expiration), USO closed at $66.96, so my short put would have been fine.


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