Sell High, Buy Back Low! I just bought back my 4 contracts of OIHJV for $0.75 after selling them last Thursday for $6.40. The net profit is $5.65 x 400 = $2,260.00. The November $110 strikes are selling for about $5 so I can make another $2,000 or I can sell the January $110 strikes for $8.45 to rake in $3,400. I’ll give it a few more days before I trade either as the day before options expiry is usually a rally day but we’ll wait and see.
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