Opening (IRA): IWM Nov 15th 194 Covered Call
Updated
... for a 192.28 debit.
Comments: Re-upping with a monied covered call in November with a strike that is slightly higher than what I previously had on at the 193. (See Post Below). Just looking to get a little more out of the November cycle before moving onto December without taking on a ton of additional risk ... .
Metrics:
Buying Power Effect/Break Even: 192.28
Max Profit: 1.72
ROC at Max: .89%
50% Max: .81
ROC at 50% Max: .45%
Comments: Re-upping with a monied covered call in November with a strike that is slightly higher than what I previously had on at the 193. (See Post Below). Just looking to get a little more out of the November cycle before moving onto December without taking on a ton of additional risk ... .
Metrics:
Buying Power Effect/Break Even: 192.28
Max Profit: 1.72
ROC at Max: .89%
50% Max: .81
ROC at 50% Max: .45%
Trade active
With the short call in profit, rolling out "as is" to the December 20th 194 for a 1.70 credit. 190.58 break even. As before, looking to get a little bit more out of this position without taking on a bunch of additional risk running into elections/year end. Max Profit now 3.42; ROC at max 1.79%.Trade closed manually
Elections over. Out ... for a 192.78 credit. 2.20 ($220) profit.
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