Opening (IRA): SPY March 20th 650 Monied Covered Call... for a 640.35 debit.
Comments: Laddering out, 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 and to take advantage of higher IV on the call side.
Metrics:
Max Profit: 9.65 ($965)
Buying Power Effe
