Recent content by Lucsan001

I have been trying to understand this concept ever since reading about the large institutional investors selling puts on SP500 in order to collect premiums and the MM's having to buy those positions from the institutional investors and then hedging that position in the ES futures market...

This is the position I am interested in taking as well as the 2022 dates. My only worry is that will USO become the next XIV? Also I was curious if I sold Call credit spreads and received the premium and USO gets liquidated do I still get to keep the premiums?

Ok, good to know. Thanks!

Ok, I get it now for some reason I kept thinking that that was the total gain on the contract. Thanks for the info.

I don't wanna be long by directly purchasing USO but I was interested in purchasing call options expiring on Jan 2021.

Thanks for this info. I am interested in USO because I was thinking about purchasing Jan 2021 call options.

Ok, but with CL trading negative and if it continues to stay that way will USO stay at 0? Or will it get liquidated kind of like what Credit Suisse did to the XIV etf?

As I am writing this USO is trading at $3.77. On yahoo finance it states that this funds top holdings are April futures contracts. With May CL futures falling to a record $-40 a barrel what will happen to USO? Can the fund actually trade at a negative? Or is it possible it will cease to exist?

Yes, I am using TOS. I will check Out liquidating values. Thanks

I took this screenshot last night after the market had already closed. From this screenshot under Net Change, doesn’t this mean how much each contract gained in value?

The last sale price. My main question was how can one deep ITM call lose money while one increased tremendously?

I was looking at the option chain for TSLA contracts that ended yesterday 17th and I was shocked to see how different the options contracts were worth at expiration. Why did the $385c stay the same? And also the real question irking me, why the $475c was the only contract to lose money(-$4) and...