Opening (IRA): TLT April 17th 82 Covered Call

... for an 80.60 debit.

Comments: Laddering out at strikes better than what I currently have on (Feb 87's, March 84's). 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 calls. Plus, gotta be in shares to grab that divvy.

Metrics:

Break Even/Buying Power Effect: 80.60/shares
Max Profit: 1.40
ROC at Max: 1.74% (excluding dividends)

Ordinarily, I take profit at 50% max, but will wait until the dividend immediately preceding the monthly expiry drops before considering taking profit.
Beyond Technical AnalysismoniedcoveredcalloptionsstrategiesTLT

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