... for a 151.04 debit.
Comments: Selling the -84 call against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call. (In all honesty, this is just an attempt to keep my theta/net liquidity ratio above .05, which is kind of the minimum of where I like to have it).
Metrics:
Buying Power Effect/Break Even: 151.04/share
Max Profit: 3.96
ROC at Max: 1.96%
50% Max: 1.98
ROC at 50% Max: .98
Comments: Selling the -84 call against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call. (In all honesty, this is just an attempt to keep my theta/net liquidity ratio above .05, which is kind of the minimum of where I like to have it).
Metrics:
Buying Power Effect/Break Even: 151.04/share
Max Profit: 3.96
ROC at Max: 1.96%
50% Max: 1.98
ROC at 50% Max: .98
Note
Rolled the in-profit short call down and out to the April 17th 148 for a 7.35 credit (i.e., a credit that exceeds the amount of strike destruction); 143.69 break even with a 4.31 max; 3.00% ROC at max.Note
Might get worse before it gets better ... . Rolled the April 17th 148 down to the July 18th 134 for a 14.95 credit; 128.74 break even.Note
Reducing long delta by rolling the in-profit -134C down to the -129C for a 2.93 credit; 125.80 break even.Trade closed manually
It works ... until it doesn't. Throwing in the towel until this market sorts itself out. Closed for a 101.84 credit. 23.96 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.