... for a 64.63 debit.
Comments: Starter position on weakness, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with built-in short call defense.
Metrics:
Buying Power Effect/Break Even: 64.63
Max Profit: 3.37
ROC at Max: 5.21%
50% Max: 1.69
ROC at 50% Max: 2.61%
Will generally look to take profit at 50% max, add at intervals assuming I can get in at strikes better than what I currently have on, and/or roll out short call if my TP is not hit.
Comments: Starter position on weakness, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with built-in short call defense.
Metrics:
Buying Power Effect/Break Even: 64.63
Max Profit: 3.37
ROC at Max: 5.21%
50% Max: 1.69
ROC at 50% Max: 2.61%
Will generally look to take profit at 50% max, add at intervals assuming I can get in at strikes better than what I currently have on, and/or roll out short call if my TP is not hit.
Trade closed manually
In on the dip. Out on the rip. Closed for a 65.65 credit; .82 ($82) 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.