... for a 59.60 debit.
Comments: High IVR/high IV at 68.7/63.1%. Selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Additionally, adding at strikes/break evens better than what I've current got on (the August 16th 73 covered calls; break even 70.80).
Metrics:
Buying Power Effect/Break Even: 59.60
Max Profit: 3.40
ROC at 50% Max: 5.70%
50% Max: 1.70
ROC at 50% Max: 2.85%
Will generally look to take profit at 50% max; roll the short call out for duration on side test.
Comments: High IVR/high IV at 68.7/63.1%. Selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Additionally, adding at strikes/break evens better than what I've current got on (the August 16th 73 covered calls; break even 70.80).
Metrics:
Buying Power Effect/Break Even: 59.60
Max Profit: 3.40
ROC at 50% Max: 5.70%
50% Max: 1.70
ROC at 50% Max: 2.85%
Will generally look to take profit at 50% max; roll the short call out for duration on side test.
Trade active
Rolled the short call down ... and out to the December 20th 58 short call for a 5.59 credit (a credit that exceeds the width of the strike improvement). 54.01 break even; max now 3.99; 7.39% ROC at max.Note
9/25 Dividend: $0.230214/share; 223.02/ONE lot. 53.78 break even (with dividends).Trade closed manually
Closed for a 55.90 credit; 2.12 ($212) profit with divvies; 3.94% ROC as a function of break even. Still have the Dec 68'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.