I put in a GTC (good til cancelled) order to make a closing purchase on the DEC19 Crude Oil $30-strike PUT today at 0.05 ($50).
I sold this PUT for 0.13 ($130)
New Trade: I sold a Crude Oil DEC19 $40-strike PUT today for 0.31 ($310).
Expiration Date: November 15, 2019 Prob. OTM = %92%
Comments: I felt the DEC19 Crude Oil 40 PUT-strike at about $20 below the current price would be a cautious way to close out the $30 PUT for a profit and replace it. With the G20 meetings this weekend, I am holding off on any other trades until next week.- Don
Here’s the chart for Crude:
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