Looking to sell 60 strikes on USO out to Jan 19, 2024.
That's 1 deviation down and about 45 days out.
Comment:
The VWAP -2 sig band pretty much nailed the bottom in Dec 2023 on this one.
Went sideways inside the last Down range leg and will expire worthless today 2/16 in a few hours.
Making 25% on risk, 209% annualized on time is not too shabby for just doing some analysis, placing an order, and managing to DO NOTHING impulsive for the duration of the trade.
And yes, this was a real $$ trade in a live account.
Symbol USO
Open Date 1/2/2024
Put or Call Put
Expiry Date 2/16/2024
Short Strike 62
Long Strike 60
Price to Open 0.41
Min Width Multiple 4
Risk Ratio 3.88
Return on Risk 25.8%
Opening DTE 45
1 Day ROI% 0.57%
Max Annual ROI % 209.2%
Buyback to Close
Open to Roll
Closing % Cost on Opening Credit
Net Roll % on Opening Credit
Closing Date 2/16/2024
Closing Price 0.00
Closed Margin ROI % 25.79%
Closed Annual ROI % 209.15%
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Went sideways inside the last Down range leg and will expire worthless today 2/16 in a few hours.
Making 25% on risk, 209% annualized on time is not too shabby for just doing some analysis, placing an order, and managing to DO NOTHING impulsive for the duration of the trade.
And yes, this was a real $$ trade in a live account.
Symbol USO
Open Date 1/2/2024
Put or Call Put
Expiry Date 2/16/2024
Short Strike 62
Long Strike 60
Price to Open 0.41
Min Width Multiple 4
Risk Ratio 3.88
Return on Risk 25.8%
Opening DTE 45
1 Day ROI% 0.57%
Max Annual ROI % 209.2%
Buyback to Close
Open to Roll
Closing % Cost on Opening Credit
Net Roll % on Opening Credit
Closing Date 2/16/2024
Closing Price 0.00
Closed Margin ROI % 25.79%
Closed Annual ROI % 209.15%