Invesco QQQ Trust Series I
Long
Updated

Opening (IRA): QQQ February 16t 385 Monied Covered Call

96
... for a 378.53 debit.

Comments:

Similar to my IWM February 16th 187 Monied Covered Call Post. (See Below).

Metrics:

Buying Power Effect/Break Even/Cost Basis: 378.53
Max Profit: 6.47 ($647)
ROC as a Function of Buying Power Effect: 1.71%
ROC at 50% Max: .85%

Generally, take profit at 50% max; roll short call down or down and out defensively on test.
Trade closed: target reached
Opened for a 378.53 debit; closed today for a 382.30 credit. 3.77 ($377) profit.

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