Opened (IRA): XLE April 19th 88 Covered Call
... for a 85.43 debit.
Comments: Looking to attempt to grab the March dividend, which has been averaging around .80 over the past four distributions.
Metrics:
Buying Power Effect/Break Even/Cost Basis in Shares: 85.43
Max Profit: 2.57 ($257)
ROC at Max (ex. dividend): 3.01%
ROC at Max (w/dividend): 3.94% (assuming an .80 distribution)
ROC at 50% Max (ex. dividend): 1.50%
ROC at 50% Max (w/dividend): 2.44% (assuming an .80 distribution)
Comments: Looking to attempt to grab the March dividend, which has been averaging around .80 over the past four distributions.
Metrics:
Buying Power Effect/Break Even/Cost Basis in Shares: 85.43
Max Profit: 2.57 ($257)
ROC at Max (ex. dividend): 3.01%
ROC at Max (w/dividend): 3.94% (assuming an .80 distribution)
ROC at 50% Max (ex. dividend): 1.50%
ROC at 50% Max (w/dividend): 2.44% (assuming an .80 distribution)
Trade closed manually:
Closing here for an 87.58 credit, since it exceeds what I wanted to get out of the trade, assuming an .80 dividend and a 50% max take profit on the covered call. 2.15 ($215) profit. 2.52% ROC for 9 days' "work."