Comments: Selling the -75 call against stock to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. The IV isn't fantastic here at 29.8%, but the ROC is kind of what I'm minimally looking for out of this sort of play, so putting on a small position here, particularly since the underlying isn't all that far off its 52-week low.
Metrics:
Buying Power Effect/Break Even: 49.02 Max Profit: .98 ROC at Max: 2.0% 50% Max: .49 ROC at 50% max: 1.0%
Generally, will look to take profit at 50% max, roll short call for duration and credit on side test.
Trade closed: target reached
Hit 50% max today, closing for a 49.51 credit; .49 ($49) profit.
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