Opening (IRA): TQQQ May 16th 51 Covered Call

21 Mar

... for a 48.05 credit.

Comments: Adding at a strike 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: 48.05
Max Profit: 2.95
ROC at Max: 6.14%
50% Max: 1.48%
ROC at 50% Max: 3.07%

Will generally look to take profit at 50% max, add at intervals if I can get in at strikes better than what I currently have on, and/or roll out short call at 50% max.

24 Mar

İşlem elle kapatılmış

Money, take, run ... . Closed for a 48.85 credit; .80 ($80) profit; 1.66% ROC. Still have the June 56's and 66's on.