OPENING (IRA): ICLN FEBRUARY 19TH 24 SHORT PUT
Updated
... for a .56/contract credit.
Notes: A new addition to my liquid exchange-traded fund list ... . With 30-day at 53% and the at-the-money short straddle in the February cycle paying 15.6% in credit as a function of stock price, going Plain Jane short put at the 18 delta strike with a 23.44 break even. 2.39% ROC at max as a function of notional risk. Will manage on approaching worthless or take assignment, sell call against.
Notes: A new addition to my liquid exchange-traded fund list ... . With 30-day at 53% and the at-the-money short straddle in the February cycle paying 15.6% in credit as a function of stock price, going Plain Jane short put at the 18 delta strike with a 23.44 break even. 2.39% ROC at max as a function of notional risk. Will manage on approaching worthless or take assignment, sell call against.
Trade closed manually
Taking profit where I can: closing for .15/contract. .41/$41 profit/contract; 1.75% ROC as a function of notional risk.
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.