... for a 23.63 debit.
Comments: Adding to my current position at strikes/break evens better than what I currently have on, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 23.63
Max Profit: 1.37
ROC at Max: 5.80%
50% Max: .68
ROC at 50% Max: 2.90%
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, and/or roll out short call in the event my take profit isn't hit.
Comments: Adding to my current position at strikes/break evens better than what I currently have on, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 23.63
Max Profit: 1.37
ROC at Max: 5.80%
50% Max: .68
ROC at 50% Max: 2.90%
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, and/or roll out short call in the event my take profit isn't hit.
Trade closed manually
Closed for a 24.17 credit; .54 ($54) profit. Still have the April 29's, July 30's, and July 32'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.