Opening (IRA): USO Oct 18th 64 Covered Call
Updated
... for a 62.48 debit.
Comments: Adding a smidge to my position here at better break evens than what I currently have on. Selling the -75 delta (ish) against long stock to emulate the delta metrics of a 25 delta short put, with the built in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 62.48
Max Profit: 1.52
ROC at Max: 2.43%
50% Max: .76
ROC at 50% Max: 1.21%
Comments: Adding a smidge to my position here at better break evens than what I currently have on. Selling the -75 delta (ish) against long stock to emulate the delta metrics of a 25 delta short put, with the built in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 62.48
Max Profit: 1.52
ROC at Max: 2.43%
50% Max: .76
ROC at 50% Max: 1.21%
Trade closed: target reached
50% max hit today, closing for a 63.24 credit; .76 ($76) profit. Still have the Dec 69 covered call on ... .
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