$United States Oil Fund LP(USO)$ USO: bought shares of USO to cover my net short positions at $160. 

In prior weeks, USO was trading at peak of $172.82 and my short call positions were assigned. There was holding net short shares ar $160. 

Determined that oil price would be lower within weeks, I held on to the positions and sold short put at same strike of $160 to capture more premium. 

USO closed $148.41, dropping after US midterms results favouring Democrats so the market was reacting to potentially Iran was deescalation. 

Though the potential upside gain was trimmed for this case, the outcome of the trade was intended and I get to cancelled out my net short positions and clear up some trading margins ready for next week. 
USO
11-07 14:20
USUnited States Oil Fund LP
SidePrice | FilledRealized P&L
Buy
Close
160.00
100
0.00%
Closed
United States Oil Fund LP
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