Invesco QQQ Trust Series I
Long
Updated

Opening (IRA): QQQ August 16th 425 Monied Covered Call

132
... for a 420.39 debit.

Comments: After having taken profit on my August 16th 420 CC, re-upping, but at a slightly higher strike ... . The ROC %-age metrics aren't generally what I like to see out of these, but have already realized some gains in the August cycle, so am fine if the ROC %-age isn't stellar here. I'm also selling the -85 delta call against, as opposed to my usual -75.

Metrics:

Break Even/BPE: 420.39
Max Profit: 4.61
ROC at Max: 1.10%
50% Max: 2.30
ROC at 50% Max: .55%
Note
6/24 Dividend: .76/share; $76/one lot. 419.63 break even.
Trade closed manually
Profit-taking. Closing here for a 422.33 credit; 2.70 ($270) net profit (including divvies). .64% ROC.

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