... for a 39.93 debit.
Comments: Adding to my position at strikes better than what I currently have on, selling the -84 delta call against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 39.93/share
Max Profit: 1.07
ROC at Max: 2.68%
50% Max: .54
ROC at 50% Max: 1.34%
Will generally look to take profit, add at intervals assuming I can get in at strikes/break evens better than what I currently have on, and/or roll out short call if my take profit is not hit.
Comments: Adding to my position at strikes better than what I currently have on, selling the -84 delta call against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 39.93/share
Max Profit: 1.07
ROC at Max: 2.68%
50% Max: .54
ROC at 50% Max: 1.34%
Will generally look to take profit, add at intervals assuming I can get in at strikes/break evens better than what I currently have on, and/or roll out short call if my take profit is not hit.
Trade closed manually
Taking a little risk off here, closing for a 40.33 credit; .40 ($40) profit; 1.00% ROC. Still have the May 37's and 44's on ... .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.