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USO Put options don’t move in conjunction with USO share price
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User is confused why their deep OTM USO LEAPS puts didn't increase in value as the underlying stock dropped.
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I purchased 90 P 6/16/28 options on 5/27. USO has gone from $130 to $112. My options have gone from $9.05 on 5/27 to $9.65 today. It was over $10 yesterday and the option price actually went down even though USO went down $2. Why is this so incongruous to the share price?
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