This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

1
USO May 15 $4 Put - Lack of movement
Post Body

Hi Guys,

I bought 3 contracts of USO $4p with a May 15th 2020 expiry. Ever since then, and especially in the last week when USO has fallen hard, the price of my option has barely moved at all. Im still in the negative.

I have attached some screenshots showing some extra information for your reference.

Can someone help me understand why, despite the big drop in USO the last couple days, my put options are still in the negative?

https://imgur.com/a/w0ccTn6

Author
Account Strength
100%
Account Age
10 years
Verified Email
Yes
Verified Flair
Yes
Total Karma
12,422
Link Karma
823
Comment Karma
11,599
Profile updated: 4 days ago
Posts updated: 4 months ago

Subreddit

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.
Posted
4 years ago