USO Bull Put spread on -1 sig test
Symbol USO
Open Date 11/8/2023
Put or Call Put
Expiry Date 1/19/2024
Short Strike 65
Long Strike 64
Price to Open 0.24
Min Width Multiple 2
Risk Ratio 3.17
Return on Risk 31.6%
Opening DTE 72
1 Day ROI% 0.44%
Max Annual ROI % 160.1%
USO has the worst calendars of any ETF.
Tested the Bullish Daily -1 sig in the morning and I sold behind -2 sig at 65.
Essentially giving it 1.25 sig of room to win.
Had to go out to the Jan 19 just to get the spreads though, so that sucks.
Did not want to be near 66 or 67, so had to be far out on the calendar.
This one is rolled out so far that I'll have to buy it back if it stalls at 73.50.
If it gets the Bull hard push above VWAP at 75.50, then I'll be more likely to let it expire until something else becomes available.
Have to watch some economic analysis, but not sure why Oil related markets are falling so hard and fast.
Because nothing says LOWER oil prices like a war in the Middle East with a Terrorist group... WTF?
It's like the 2020/2021 SPY rally where nothing says GO TIME BULLISH like shutting down the entire global economy for 6 months... WTF?
The Fed is the ONLY thing that matters apparently.
Have to watch some economic analysis, but not sure why Oil related markets are falling so hard and fast.
Because nothing says LOWER oil prices like a war in the Middle East with a Terrorist group... WTF?
It's like the 2020/2021 SPY rally where nothing says GO TIME BULLISH like shutting down the entire global economy for 6 months... WTF?
The Fed is the ONLY thing that matters apparently.
Open Date 11/8/2023
Put or Call Put
Expiry Date 1/19/2024
Short Strike 65
Long Strike 64
Price to Open 0.24
Min Width Multiple 2
Risk Ratio 3.17
Return on Risk 31.6%
Opening DTE 72
1 Day ROI% 0.44%
Max Annual ROI % 160.1%
USO has the worst calendars of any ETF.
Tested the Bullish Daily -1 sig in the morning and I sold behind -2 sig at 65.
Essentially giving it 1.25 sig of room to win.
Had to go out to the Jan 19 just to get the spreads though, so that sucks.
Did not want to be near 66 or 67, so had to be far out on the calendar.
This one is rolled out so far that I'll have to buy it back if it stalls at 73.50.
If it gets the Bull hard push above VWAP at 75.50, then I'll be more likely to let it expire until something else becomes available.
Have to watch some economic analysis, but not sure why Oil related markets are falling so hard and fast.
Because nothing says LOWER oil prices like a war in the Middle East with a Terrorist group... WTF?
It's like the 2020/2021 SPY rally where nothing says GO TIME BULLISH like shutting down the entire global economy for 6 months... WTF?
The Fed is the ONLY thing that matters apparently.
Have to watch some economic analysis, but not sure why Oil related markets are falling so hard and fast.
Because nothing says LOWER oil prices like a war in the Middle East with a Terrorist group... WTF?
It's like the 2020/2021 SPY rally where nothing says GO TIME BULLISH like shutting down the entire global economy for 6 months... WTF?
The Fed is the ONLY thing that matters apparently.
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