Description
⋅ ... for a 179.87 debit.
Comments: Doing another one of these in March with a short call strike and cost basis better than what I currently have on at the 186.
Selling the -75 delta call, buying a Johnny one lot to emulate a 25 delta short put in order to take advantage of call side IV skew.
3.13 max profit on BPE of 179.87; 1.74% ROC at max; .87% at 50% max.
Will generally look to take profit at 50% max/roll out the short call to reduce cost basis further in the event price breaks the short call.