Just sold some USO puts.
For the GTC Sample Portfolio, this will translate down into selling 1 USO March 22 29 DTE 66 Put. That is at the -0.11 Deltas when we sold it for 0.35 in premium, with 29 DTE at the time we sold them. The PoT is 23% and the PoP is something like 90%. The IVR was 3.2, with the VIX at 14.62 and the expected range on that downside was $69.00.
We still have that one USO Put out there for the 1st of March, as it enters expiry. It’s so far out of the money, I can’t even nibble trying to buy it back. If I can buy it back for a few pennies, I will; allowing this new USO short put position to take over the position.
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