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.
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.
Trade closed: target reached
Late Post: Hit 50% max on 2/18; closing for a 69.04 credit; .97 ($97) profit.
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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.