Opening (IRA): XBI March 15th 84 Monied Covered Call... for an 81.63 debit.
Comments: 32.1% 30-Day IV.
My general preference for ETF IV is >35%, but there isn't much currently there in my ETF screener, and I'm already in a GDX position: TQQQ (52.3%); USO (38.1%); GDXJ (35.0%).
Buying a one lot and selling the -75 delta call against to emulate a 25 delta short put with "built-in" defense of the position via the short call.
2.37 max on BPE of 81.63; 2.90% ROC at max; 1.45% at 50% max.
