Opening (IRA): SOXL April 17th 14 Covered Call

7 Mar

... for a 12.95 debit.

Comments: High IVR/IV. Adding at strikes better than what I currently have on, selling the -81 call against shares to emulate the delta metrics of a 19 delta short put, but with the built-in defense of the short calls.

Metrics:

Buying Power Effect/Break Even: 12.95/share
Max Profit: 1.05
ROC at Max: 8.11%
50% Max: .53
ROC at 50% Max: 4.06%

Will generally look to take profit at 50% max, add at intervals if I can get in at break evens better than what I currently have on, roll out short call if my take profit is not hit.

14 Mar

İşlem elle kapatılmış

Closed for a 13.40 credit; .45 ($45) profit. Still have the May 17th's, August 18, 22, and 24's on.