... for a 57.91 debit.
Comments: Adding at strikes better than what I currently have on ... . Here, going lower net delta by selling the -84 call against shares to emulate the delta metrics of a 2 x expected move 16 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 57.91/share
Max Profit: 2.09
ROC at Max: 3.61%
50% Max: 1.05
ROC at 50% Max: 1.82%
Will generally look to take profit at 50% max, add at intervals if 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: Adding at strikes better than what I currently have on ... . Here, going lower net delta by selling the -84 call against shares to emulate the delta metrics of a 2 x expected move 16 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 57.91/share
Max Profit: 2.09
ROC at Max: 3.61%
50% Max: 1.05
ROC at 50% Max: 1.82%
Will generally look to take profit at 50% max, add at intervals if 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
Rolling the April 17th 60 down and out to the June 20th 56 for a 5.16 credit; 52.75 break even.Note
Reducing long delta ... . Rolling the in-profit -56C down to the -53C for a 1.14 credit; 51.61 break even.Trade closed manually
Posting the rest of my Friday losers: Closed for a 40.88 credit; 10.73 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.