Opening (IRA): SOXL April 17th 24 Covered Call
... for 22.48 debit.
Comments: Starting my run at April, adding at strikes better than what I currently have on.
Metrics:
Buying Power Effect/Break Even: 22.48
Max Profit: 1.52
ROC at Max: 6.76%
50% Max: .76
ROC at 50% Max: 3.38%
Will generally look to take profit at 50% max, add at intervals assuming I can get in at strikes better than what I currently have on, and/or roll out short call if my take profit is not hit.
Comments: Starting my run at April, adding at strikes better than what I currently have on.
Metrics:
Buying Power Effect/Break Even: 22.48
Max Profit: 1.52
ROC at Max: 6.76%
50% Max: .76
ROC at 50% Max: 3.38%
Will generally look to take profit at 50% max, add at intervals assuming I can get in at strikes better than what I currently have on, and/or roll out short call if my take profit is not hit.
Note
Late Post: Rolled out to the August 15th 22 for a 2.41 credit; 20.07 break even.Note
50% max roll ... . Down and out to the Jan 16th 21 for a 1.70 credit. 18.37 break even.Note
Rolling down to the 19 for a .32 credit; 18.05 break even.Trade closed manually
Throwing that towel in ... . Closed for a 7.98 credit; 10.07 loser.
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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.