Opening (IRA): SOXL April 17th 14 Covered Call
... for a 12.95 debit.
Comments: High IVR/IV. Adding at strikes better than what I currently have on, selling the -81 call against shares to emulate the delta metrics of a 19 delta short put, but with the built-in defense of the short calls.
Metrics:
Buying Power Effect/Break Even: 12.95/share
Max Profit: 1.05
ROC at Max: 8.11%
50% Max: .53
ROC at 50% Max: 4.06%
Will generally look to take profit at 50% max, add at intervals if I can get in at break evens better than what I currently have on, roll out short call if my take profit is not hit.
Comments: High IVR/IV. Adding at strikes better than what I currently have on, selling the -81 call against shares to emulate the delta metrics of a 19 delta short put, but with the built-in defense of the short calls.
Metrics:
Buying Power Effect/Break Even: 12.95/share
Max Profit: 1.05
ROC at Max: 8.11%
50% Max: .53
ROC at 50% Max: 4.06%
Will generally look to take profit at 50% max, add at intervals if I can get in at break evens better than what I currently have on, roll out short call if my take profit is not hit.
Trade closed manually
Closed for a 13.40 credit; .45 ($45) profit. Still have the May 17th's, August 18, 22, and 24's on.
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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.