... for a 7.11 credit.
Comments: High rank/implied at 53/53. Earnings are in 47 days, so I'll be looking to take this off well short of the announcement. 7.11 on buying power effect of 27.24 (on margin); 26.1% ROC at max; 13.1% at 50% max. As usual, I will look to take profit at 50% max; manage sides on approaching worthless/side test.
Comments: High rank/implied at 53/53. Earnings are in 47 days, so I'll be looking to take this off well short of the announcement. 7.11 on buying power effect of 27.24 (on margin); 26.1% ROC at max; 13.1% at 50% max. As usual, I will look to take profit at 50% max; manage sides on approaching worthless/side test.
Comment:
Rolled the 350 short call down to the 280 short call for a 2.77 credit, cutting net delta in half. Total credits collected of 9.88.
Trade active:
Rolled the 280 short call to the 242.5 short call for a 5.11 credit. Total credits collected of 14.99.