Opening (IRA): XBI February 21st 83 Covered Call
Updated
... for a 81.26 debit.
Comments: Adding at strikes/break evens better than what I currently have on, selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 81.26/share
Max Profit: 1.74
ROC at Max: 2.14%
50% Max: .87
ROC at 50% Max: 1.07%
Will generally look to take profit at 50% max.
Comments: Adding at strikes/break evens better than what I currently have on, selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 81.26/share
Max Profit: 1.74
ROC at Max: 2.14%
50% Max: .87
ROC at 50% Max: 1.07%
Will generally look to take profit at 50% max.
Trade closed: target reached
Hit 50% max today, closing for an 82.13 credit; .87 ($87) profit.
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