... for a 61.79 debit.
Comments: Adding a "rung" at a break even better than what I currently have on, 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.
Metrics:
Buying Power Effect/Break Even: 61.79/share
Max Profit: 3.21 ($321)
ROC at Max: 5.20%
50% Max: 1.62 ($162)
ROC at 50% Max: 2.60%
Will generally look to take profit at 50% max, roll out short call on take profit test (which is at 63.40).
Comments: Adding a "rung" at a break even better than what I currently have on, 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.
Metrics:
Buying Power Effect/Break Even: 61.79/share
Max Profit: 3.21 ($321)
ROC at Max: 5.20%
50% Max: 1.62 ($162)
ROC at 50% Max: 2.60%
Will generally look to take profit at 50% max, roll out short call on take profit test (which is at 63.40).
Trade closed: target reached
Hit 50% max today, closing for a 63.40 credit. 1.61 ($161) profit. Still have the January 17th 74'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.