Opening (IRA): XBI February 21st 85 Covered Call... for an 83.01 debit.
Comments: Adding at strikes/break evens better than what I currently have on, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 83.01/sh
