Opened (IRA): BITO July 19th 24 Short Put
... for a 1.44 credit.
Comments: High IV at 59.6%.
Looking to pick up shares at or below my covered call's current break even of 27.10.
Metrics:
Buying Power Effect/Break Even: 22.56
Max Profit: 1.44 ($144)
ROC at Max: 6.38%
ROC at 50% Max: 3.19%
Comments: High IV at 59.6%.
Looking to pick up shares at or below my covered call's current break even of 27.10.
Metrics:
Buying Power Effect/Break Even: 22.56
Max Profit: 1.44 ($144)
ROC at Max: 6.38%
ROC at 50% Max: 3.19%
Trade closed manually:
Closing this out for a small winner while I can, since I have the less "at risk" 22 strike on as well. Closed for a 1.24 debit; .20 ($20) profit.