... for a 44.52 debit.
Comments: Adding to my position at strikes/break evens better than what I currently have on, selling the -75 delta strike against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Break Even/Buying Power Effect: 44.52/share
Max Profit: 2.48
ROC at Max: 5.57%
50% Max: 1.24
ROC at 50% Max: 2.79%
Will generally look to take profit at 50% max, roll out short call on take profit point test.
Comments: Adding to my position at strikes/break evens better than what I currently have on, selling the -75 delta strike against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Break Even/Buying Power Effect: 44.52/share
Max Profit: 2.48
ROC at Max: 5.57%
50% Max: 1.24
ROC at 50% Max: 2.79%
Will generally look to take profit at 50% max, roll out short call on take profit point test.
Trade closed manually
And ... out. For a 45.53 credit; 1.01 ($101) profit; 2.27% ROC.
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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.