Opening (IRA): SOXL March 21st 23 Covered Call
... for a 21.09 debit.
Comments: Adding at strikes 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: 21.09/share
Max Profit: 1.91
ROC at Max: 9.06%
50% Max: .86
ROC at 50% Max: 4.03%
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 the short call if my take profit is not hit.
Comments: Adding at strikes 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: 21.09/share
Max Profit: 1.91
ROC at Max: 9.06%
50% Max: .86
ROC at 50% Max: 4.03%
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 the short call if my take profit is not hit.
Trade closed manually
Taking off a smidge of risk here, closing for a 21.90 credit. .81 ($81) profit; 3.84% ROC. Still have the March 21st 29's and March 28th 20'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.