... for a 43.24 debit.
Comments: Adding to my position at break evens better than what I currently have on, but going a little bit less aggressive net delta-wise, selling the -84 delta call against shares to emulate the delta metrics of a 2 x expected move short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 43.24
Max Profit: 1.76
ROC at Max: 4.07%
50% Max: .88
ROC at 50% Max: 2.04%
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 if my take profit is not hit.
Comments: Adding to my position at break evens better than what I currently have on, but going a little bit less aggressive net delta-wise, selling the -84 delta call against shares to emulate the delta metrics of a 2 x expected move short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 43.24
Max Profit: 1.76
ROC at Max: 4.07%
50% Max: .88
ROC at 50% Max: 2.04%
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 if my take profit is not hit.
Trade closed manually
Closed for a 44.06 credit; .82 ($82) profit. Still have the June 56's and 66'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.