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A Simple Option Trading Strategy? (USO MAY 29'20 3.5 Put)

Wednesday, April 22, 2020 16:48

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NakedSold USO MAY 29’20 3.5 Put. Meaning, if USO is below $3.5, I am forced to own USO underline at whatever the price happens to be after the May 29th expiration date. The MAX Return of $114 is the premium I receive for taking the risk of having to own USO, the projected MAX loss of $236 happens to be the current cost of USO $2.36.

However poorly USO performs in the next few weeks, I don’t mind owning USO considering I have received $114 (premium) for my effort of taking on the risk.

As of April 22, USO is trading just below $2.60

Source: http://www.trincafe.com/2020/04/a-simple-option-trading-strategy-uso.html

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