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Moniedcoveredcall

Opening (IRA): TQQQ April 17th 45 Covered Call... 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.
NASDAQ:TQQQLong
by NaughtyPines
Opening (IRA): TNA April 17th 25 Covered Call... for a 23.63 debit. Comments: Adding to my current position at strikes/break evens better than what I currently have on, selling the -75 delta call against shares 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: 23.63 Max Profit: 1.37 ROC at Max: 5.80% 50% Max: .68 ROC at 50% Max: 2.90% 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 in the event my take profit isn't hit.
AMEX:TNALong
by NaughtyPines
Opening (IRA): SOXL April 17th 14 Covered Call... for a 12.95 debit. Comments: High IVR/IV. Adding at strikes better than what I currently have on, selling the -81 call against shares to emulate the delta metrics of a 19 delta short put, but with the built-in defense of the short calls. Metrics: Buying Power Effect/Break Even: 12.95/share Max Profit: 1.05 ROC at Max: 8.11% 50% Max: .53 ROC at 50% Max: 4.06% 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, roll out short call if my take profit is not hit.
AMEX:SOXLLong
by NaughtyPines
2
Opening (IRA): HIMS April 17th 28 Covered Call... for a 26.33 debit. Comments: Throwing a few bones at this high IVR/IV (57.5/109.4) single name post-earnings, selling the ~84 delta, 2 x expected move call against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 26.33/share Max Profit: 1.67 ROC at Max: 6.34% 50% Max: .84 ROC at 50% Max: 3.17% Will generally look to take profit at 50% max/roll out short call if my take profit is not hit.
NYSE:HIMSLong
by NaughtyPines
2
Opening (IRA): XBI March 21st 85 Covered Call... for an 83.52 debit. Comments: One of the only red things on my ETF board ... . Selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Just trying to squeeze in a little more into March while the monthly options contract is in that 35 to 56 DTE window. The ROC %-age isn't what I like to see out of these (2.0% or greater), but, hey, you can't have everything ... . Metrics: Buying Power Effect/Break Even: 83.52 Max Profit: 1.48 ROC at Max: 1.77% 50% Max: .74 ROC at 50% Max: .89%
AMEX:XBILong
by NaughtyPines
Opening (IRA): NVO March 28th 76 Covered Call... for a 74.50 debit. Comments: Taking what amounts to a modest directional shot with a break even below the 52-week lows, selling the -75 delta call against shares 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: 74.50 Max Profit: 1.50 ROC at Max: 2.01% 50% Max: .75 ROC at 50% Max: 1.00 Will generally look to take profit at 50% max and/or roll out the short call if my take profit isn't hit by expiry.
NYSE:NVOLong
by NaughtyPines
Opening (IRA): TQQQ March 21st 69 Covered Call... for a 67.07 debit Comments: Not finished with March yet ... . Taking less risk here than I would ordinarily do to give me more room to be wrong, selling the -84 delta call against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 67.07 debit Max Profit: 1.93 ROC at Max: 2.88% 50% Max: .97 ROC at 50% Max: 1.44% 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 my short call if my take profit is not hit.
NASDAQ:TQQQLong
by NaughtyPines
Opening (IRA): SOXL March 28th 20 Covered Call... for a 18.91 debit. Comments: I wanted to take advantage of this little bit of weakness here, but at less risk than what I ordinarily take, giving me more "room to be wrong." Here, selling the -84 delta calls against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short calls. Additionally, it's at strikes better than what I currently have on ... . Metrics: Buying Power Effect/Break Even: 18.91 Max Profit: 1.09 ROC at Max: 5.76% 50% Max: .55 ROC at 50% Max: 2.88%
AMEX:SOXLLong
by NaughtyPines
2
Opening (IRA): IBIT March 21st 49 Covered Call... for a 47.32 debit. Comments: Adding to my positions at strikes/break evens better than what I currently have on, selling the -75 delta call against shares 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: 47.32 Max Profit: 1.68 ROC at Max: 3.55% 50% Max: .84 ROC at 50% Max: 1.78% Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes/break evens better than what I currently have on, and/or roll out the short call should my take profit not be hit.
NASDAQ:IBITLong
by NaughtyPines
Opening (IRA): IBIT March 21st 52 Covered Call... for a 49.83 debit. Comments: Back into IBIT, selling the -75 delta call against shares 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: 49.83/share Max Profit: 2.17 ROC at Max: 4.35% 50% Max: 1.09 ROC at 50% Max: 2.18% 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 the short call if my take profit is not hit.
NASDAQ:IBITLong
by NaughtyPines
Opening (IRA): TNA March 21st 37 Covered Call... for a 36.06 debit. Comments: On second thought ... . Maybe I'm not done with March yet. Here, selling the 84 delta call against shares to emulate the delta metrics of a 2x expected move 16 delta short put, but with the built-in defense of the short call. This is less risk than what I ordinarily take, but still has the >2.0% ROC at max I like to see out of these setups. Metrics: Buying Power Effect/Break Even: 36.06 Max Profit: .94 ROC at Max: 2.61% 50% Max: .47 ROC at 50% Max: 1.32%
AMEX:TNALong
by NaughtyPines
Opening (IRA): TMF March 28th 36 Covered Call... for a 35.08 debit. Comments: Selling the -75 delta call against shares on weakness 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: 35.08 Max Profit: .92 ROC at Max: 2.62% 50% Max: .46 ROC at 50% Max: 1.31% Will generally look to take profit at 50% max, add at intervals if I can get in at strikes/break evens better than what I currently have, and/or roll out the short call on approaching worthless if my take profit is not hit.
AMEX:TMFLong
by NaughtyPines
Opening (IRA): SOXL March 21st 23 Covered Call... for a 21.09 debit. Comments: Adding at strikes better than what I currently have on, selling the -75 delta call against shares 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: 21.09/share Max Profit: 1.91 ROC at Max: 9.06% 50% Max: .86 ROC at 50% Max: 4.03% 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 the short call if my take profit is not hit.
AMEX:SOXLLong
by NaughtyPines
Opening (IRA): TNA March 21st 40 Covered Call... for a 38.17 debit. Comments: High IV; starter position. Going out to the 56 DTE March monthly for my starter position, selling the -75 delta call against shares 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: 38.17/share Max Profit: 1.83 ROC at Max: 4.79% 50% Max: .92 ROC at 50% Max: 2.40% 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 the short call if the take profit has not been hit.
AMEX:TNALong
by NaughtyPines
Opening (IRA): EWW March 21st 46 Covered Call... for a 45.00 debit. Comments: Taking a small (ish) directional shot in the Mexico exchange-traded fund, selling the -75 delta call against shares 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: 45.00/share Max Profit: 1.00 ROC at Max: 2.22% 50% Max: .50 ROC at 50% Max: 1.11% Will generally look to take profit at 50% max, add at intervals, and/or roll out the short call if my take profit isn't hit.
AMEX:EWWLong
by NaughtyPines
Opening (IRA): TQQQ March 21st 72 Covered Call... for a 68.95 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 the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 68.95 Max Profit: 3.05 ROC at Max: 4.42% 50% Max: 1.53 ROC at 50% Max: 2.21% Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes/break evens that what I have on at the time, and/or roll out short call if my take profit is not hit.
NASDAQ:TQQQLong
by NaughtyPines
Opening (IRA): TNA March 21st 39 Covered Call... for a 37.05 debit. Comments: Adding to my TNA position at a slightly better break even than what I currently have on, selling the -75 delta call against shares 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: 37.05/share Max Profit: 1.95 ROC at Max: 5.26% 50% Max: .98 ROC at 50% Max: 2.63% 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 the short call if my take profit is not hit.
AMEX:TNALong
by NaughtyPines
Opening (IRA): XBI March 21st 86 Covered Call... for an 84.20 debit. Comments: Adding to my position at strikes better than what I currently have on, selling the -75 delta call against shares 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: 84.20 Max Profit: 1.80 ROC at Max: 2.14% 50% Max: .90 ROC at 50% Max: 1.07% 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 the short call if my take profit isn't hit.
AMEX:XBILong
by NaughtyPines
Opening (IRA): TMF March 21st 36 Covered Call... for a 34.85 debit. Comments: Starter position. Selling the -75 delta call against shares 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: 34.85 Max Profit: 1.15 ROC at Max: 3.30% 50% Max: .58 ROC at 50% Max: 1.65% Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes/break evens better than what I currently have on, and/or roll out the short call if my take profit is not hit.
AMEX:TMFLong
by NaughtyPines
Opening (IRA): IBIT March 21st 48 Covered Call... for a 46.14 debit. Comments: Adding to my current position at strikes better than what I have on, 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: 46.14 Max Profit: 1.86 ROC at Max: 4.03% 50% Max: .93 ROC at 50% Max: 2.02% 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.
NASDAQ:IBITLong
by NaughtyPines
Opening (IRA): TQQQ March 21st 68 Covered Call... 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.
NASDAQ:TQQQLong
by NaughtyPines
Opening (IRA): SOXL March 21st 20 Covered Call... for an 18.21 debit. Comments: Adding to my current position at strikes better than what I have on, 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: 18.21 Max Profit: 1.79 ROC at Max: 9.83% 50% Max: .90 ROC at 50% Max: 4.91% 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.
AMEX:SOXLLong
by NaughtyPines