Opening (IRA): TNA March 21st 37 Covered Call
... for a 36.06 debit.
Comments: On second thought ... . Maybe I'm not done with March yet. Here, selling the 84 delta call against shares to emulate the delta metrics of a 2x expected move 16 delta short put, but with the built-in defense of the short call. This is less risk than what I ordinarily take, but still has the >2.0% ROC at max I like to see out of these setups.
Metrics:
Buying Power Effect/Break Even: 36.06
Max Profit: .94
ROC at Max: 2.61%
50% Max: .47
ROC at 50% Max: 1.32%
Comments: On second thought ... . Maybe I'm not done with March yet. Here, selling the 84 delta call against shares to emulate the delta metrics of a 2x expected move 16 delta short put, but with the built-in defense of the short call. This is less risk than what I ordinarily take, but still has the >2.0% ROC at max I like to see out of these setups.
Metrics:
Buying Power Effect/Break Even: 36.06
Max Profit: .94
ROC at Max: 2.61%
50% Max: .47
ROC at 50% Max: 1.32%
Trade closed manually
Where I've got multiple contracts on/have laddered out, scratching out my most at-risk strikes if I can. Here, closing this rung for a 36.16 credit; .10 ($10) profit. Still have the March 28th 35'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.