... for a 1.01 credit.
Comments: Adding to my TAN position at a strike/break even better than what I currently have on. Here, going Plain Jane short put, since there isn't a great advantage to going monied covered call here because the IV skew isn't between the call and put sides isn't significant.
Metrics:
Buying Power Effect/Break Even: 31.99
Max Profit: 1.01
ROC at Max: 3.16%
50% Max: .52
ROC at 50% Max: 1.58%
Will generally look to take profit at 50% max.
Comments: Adding to my TAN position at a strike/break even better than what I currently have on. Here, going Plain Jane short put, since there isn't a great advantage to going monied covered call here because the IV skew isn't between the call and put sides isn't significant.
Metrics:
Buying Power Effect/Break Even: 31.99
Max Profit: 1.01
ROC at Max: 3.16%
50% Max: .52
ROC at 50% Max: 1.58%
Will generally look to take profit at 50% max.
Trade closed: target reached
Hit 50% max today, closing for a .50 debit. .51 ($51) profit.
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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.