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2/3/2023 (12:45:50 pm, PT)
sell -1 Feb 10, 2023 $6.50 put at $0.03
- prob ITM/assignment: 8%
- UNG = $8.22 (-0.16)
- 7 DTE
- oversold
Why did I place this trade?
Because I wanted to get assigned 100 shares at $6.50/share so I could implement "The Wheel" strategy.
2/10/2023 (Expiration)
UNG closed at $8.79
PROFIT: $3.00
I did not get assigned the 100 shares, but I still got paid $3.00 for waiting.
GET WEEKLY TRADE IDEAS HERE.
FREE OPTIONS TRADING LESSONS HERE.