... for a 28.24 debit.
Comments: GDX (IVR/IV 40.8/ 32.9) is at the top of my IV screener for ETF's (along with GDXJ, which has higher IV, but is less liquid).
Buying stock and selling the -71 delta call against, resulting in a max profit potential of .76 ($76)/contract; 2.69% ROC at max; 1.35% at 50% max. That .76 isn't massively compelling, but the ROC is "decent" for what I'm trying to do in the IRA on a month-month basis.
Comments: GDX (IVR/IV 40.8/ 32.9) is at the top of my IV screener for ETF's (along with GDXJ, which has higher IV, but is less liquid).
Buying stock and selling the -71 delta call against, resulting in a max profit potential of .76 ($76)/contract; 2.69% ROC at max; 1.35% at 50% max. That .76 isn't massively compelling, but the ROC is "decent" for what I'm trying to do in the IRA on a month-month basis.
Trade active
Rolled the February 16th 29 Short Call at 50% max to the June 21st 29 Short Call for a 1.38 credit; 26.86 cost basis.Trade active
Rolled the June 21st 29 Short Call at 50% max out to the September 29 short call for a .62 credit. Cost Basis of 26.24. ROC %-age at max now at 10.5%; 50% max, 5.3%. This is more long-dated than I'd like, but sometimes that "just happens."Trade closed manually
Closing this long-dated puppy out here while I can for a decent profit. Closing for a 27.36 credit. 1.12 ($112) profit.IVR/IV remains decent here at 85/36.4%, but it isn't exactly weak ... .
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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.