Sold 1 Credit Spread on NYSE:MRO – 1.77% potential income return in 133 days
On September 9, 2022, I sold 1 bull put credit spread on MRO stock with an expiry set in the next 23 days. For this trade, I got a premium of $37.2 (after commissions)
Marathon Oil Corporation is an American company engaged in hydrocarbon exploration incorporated in Ohio and headquartered in the Marathon Oil Tower in Houston, Texas. The company is ranked 534th on the Fortune 500 and 1900th on the Forbes Global 2000.
This is not trading advice. Investments in stocks, funds, bonds, or cryptos are risk investments and you could lose some or all of your money. Do your due diligence before investing in any kind of asset
Here is the trade setup:
SLD 1 MRO Jan20'23 21 PUT 1.29 USD
BOT 1 MRO Jan20'23 19 PUT 0.87 USD
For this trade, I got a premium of 37.2 USD (after commissions) or a 1.77% potential income return in 133 days, if options expire worthlessly.
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