Opening (IRA): IBIT March 21st 49 Covered Call
... for a 47.32 debit.
Comments: Adding to my positions at strikes/break evens better than what I currently have on, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 47.32
Max Profit: 1.68
ROC at Max: 3.55%
50% Max: .84
ROC at 50% Max: 1.78%
Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes/break evens better than what I currently have on, and/or roll out the short call should my take profit not be hit.
Comments: Adding to my positions at strikes/break evens better than what I currently have on, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 47.32
Max Profit: 1.68
ROC at Max: 3.55%
50% Max: .84
ROC at 50% Max: 1.78%
Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes/break evens better than what I currently have on, and/or roll out the short call should my take profit not be hit.
Trade closed manually
Closing for a 47.80 credit, .48 ($48) profit. Exactly 1.0% ROC for 9 days' "work." Still have the March 28th 45's on.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.