Opening (IRA): XLE October 18th 83 Monied Covered Call
Updated
... for a 81.41 debit.
Comments: This is a little early for a run at grabbing the September dividend, but wanted to get in when the underlying is still hovering around recent lows ... .
Metrics:
Break Even/Buying Power Effect: 81.41
Max Profit: 1.59 (ex. divvies)
ROC at Max: 1.95% (ex. divvies)
50% Max: .80
ROC at 50% Max: .98%
Comments: This is a little early for a run at grabbing the September dividend, but wanted to get in when the underlying is still hovering around recent lows ... .
Metrics:
Break Even/Buying Power Effect: 81.41
Max Profit: 1.59 (ex. divvies)
ROC at Max: 1.95% (ex. divvies)
50% Max: .80
ROC at 50% Max: .98%
Trade closed manually
Well, taking profit here, .10 short of 50% max. Closing for an 82.11 credit; .70 ($70) profit/contract. There's still time to grab the Sept divvy, so will consider re-upping next week.
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