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Moniedcoveredcall

Opening (IRA): SOXL April 17th 14 Covered Call... for a 12.95 debit. Comments: High IVR/IV. Adding at strikes better than what I currently have on, selling the -81 call against shares to emulate the delta metrics of a 19 delta short put, but with the built-in defense of the short calls. Metrics: Buying Power Effect/Break Even: 12.95/share Max Profit: 1.05 ROC at Max: 8.11% 50% Max: .53 ROC at 50% Max: 4.06% 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, roll out short call if my take profit is not hit.
AMEX:SOXLLong
by NaughtyPines
1
Opening (IRA): TNA April 17th 29 Covered Call... for a 28.28 debit. Comments: Adding at strikes better than what I currently have on. 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: 28.28/share Max Profit: .72 ROC at Max: 2.55% 50% Max: .36 ROC at 50% Max: 1.28% Will generally look to take profit at 50% max, add at intervals assuming I can get in at strikes better than what I currently have on, roll out short call in the event my take profit is not hit.
AMEX:TNALong
by NaughtyPines
Opening (IRA): SOXL May 16th 17 Covered Call... for a 15.68 debit. Comments: Laddering out a smidge here, 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: 15.68 Max Profit: 1.32 ROC at Max: 8.42% 50% Max: .66 ROC at 50% Max: 4.21% Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes/break evens than what I currently have on, and/or roll out short call if my take profit is not hit.
AMEX:SOXLLong
by NaughtyPines
5
Opening (IRA): IBIT May 16th 37 Covered Call... for a 35.79 debit. Comments: Laddering out a smidge here, 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: 35.79 Max Profit: 1.21 ROC at Max: 3.38% 50% Max: .62 ROC at 50% Max: 1.69% Will generally look to take profit at 50% max, add at intervals assuming I can get in at strikes/break evens better than what I currently have on, and/or roll out short call if my take profit is not hit.
NASDAQ:IBITLong
by NaughtyPines
Opening (IRA): HIMS April 17th 28 Covered Call... for a 26.33 debit. Comments: Throwing a few bones at this high IVR/IV (57.5/109.4) single name post-earnings, selling the ~84 delta, 2 x expected move 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: 26.33/share Max Profit: 1.67 ROC at Max: 6.34% 50% Max: .84 ROC at 50% Max: 3.17% Will generally look to take profit at 50% max/roll out short call if my take profit is not hit.
NYSE:HIMSLong
by NaughtyPines
2
Opening (IRA): USO April 17th 68 Covered Call... for a 66.58 debit. Comments: With /CL dropping sub-70/bbl., putting on a starter position in USO, 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. Metrics: Buying Power Effect/Break Even: 66.58/share Max Profit: 1.42 ROC at Max: 2.13% 50% Max: .71 ROC at 50% Max: 1.07% Will generally look to take profit at 50% max, add at intervals if I can get in at strikes/break evens better than what I currently have on, and/or roll out short call if my take profit is not hit.
AMEX:USOLong
by NaughtyPines
Opening (IRA): TQQQ April 17th 60 Covered Call... for a 57.91 debit. Comments: Adding at strikes better than what I currently have on ... . Here, going lower net delta by selling the -84 call against shares to emulate the delta metrics of a 2 x expected move 16 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 57.91/share Max Profit: 2.09 ROC at Max: 3.61% 50% Max: 1.05 ROC at 50% Max: 1.82% Will generally look to take profit at 50% max, add at intervals if I can get in at strikes better than what I currently have on, and/or roll out short call if my take profit is not hit.
NASDAQ:TQQQLong
by NaughtyPines
Opening (IRA): IBIT April 17th 41 Covered Call... for a 39.93 debit. Comments: Adding to my position at strikes better than what I currently have on, 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: 39.93/share Max Profit: 1.07 ROC at Max: 2.68% 50% Max: .54 ROC at 50% Max: 1.34% Will generally look to take profit, add at intervals assuming I can get in at strikes/break evens better than what I currently have on, and/or roll out short call if my take profit is not hit.
NASDAQ:IBITLong
by NaughtyPines
Opening (IRA): XBI March 21st 85 Covered Call... for an 83.52 debit. Comments: One of the only red things on my ETF board ... . 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. Just trying to squeeze in a little more into March while the monthly options contract is in that 35 to 56 DTE window. The ROC %-age isn't what I like to see out of these (2.0% or greater), but, hey, you can't have everything ... . Metrics: Buying Power Effect/Break Even: 83.52 Max Profit: 1.48 ROC at Max: 1.77% 50% Max: .74 ROC at 50% Max: .89%
AMEX:XBILong
by NaughtyPines
Opening (IRA): NVO March 28th 76 Covered Call... for a 74.50 debit. Comments: Taking what amounts to a modest directional shot with a break even below the 52-week lows, 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. Metrics: Buying Power Effect/Break Even: 74.50 Max Profit: 1.50 ROC at Max: 2.01% 50% Max: .75 ROC at 50% Max: 1.00 Will generally look to take profit at 50% max and/or roll out the short call if my take profit isn't hit by expiry.
NYSE:NVOLong
by NaughtyPines
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.
NASDAQ:TQQQLong
by NaughtyPines
Opening (IRA): SOXL March 28th 20 Covered Call... for a 18.91 debit. Comments: I wanted to take advantage of this little bit of weakness here, but at less risk than what I ordinarily take, giving me more "room to be wrong." Here, selling the -84 delta calls against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short calls. Additionally, it's at strikes better than what I currently have on ... . Metrics: Buying Power Effect/Break Even: 18.91 Max Profit: 1.09 ROC at Max: 5.76% 50% Max: .55 ROC at 50% Max: 2.88%
AMEX:SOXLLong
by NaughtyPines
2
Opening (IRA): IBIT March 21st 49 Covered Call... for a 47.32 debit. Comments: Adding to my positions at strikes/break evens better than what I currently have on, 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. Metrics: Buying Power Effect/Break Even: 47.32 Max Profit: 1.68 ROC at Max: 3.55% 50% Max: .84 ROC at 50% Max: 1.78% Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes/break evens better than what I currently have on, and/or roll out the short call should my take profit not be hit.
NASDAQ:IBITLong
by NaughtyPines
Opening (IRA): COIN March 21st 220 Covered Call... for a 215.96 debit. Comments: High IV + weakness. Selling the -85 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. Going lower net delta due to the shorter duration (35 DTE). Metrics: Buying Power Effect/Break Even: 215.96/share Max Profit: 4.04 ROC at Max: 1.87% 50% Max: 2.02 ROC at 50% Max: .94 Will generally look to take profit at 50% max, roll out short call if my take profit is not hit.
NASDAQ:COINLong
by NaughtyPines
Opening (IRA): IBIT March 21st 52 Covered Call... for a 49.83 debit. Comments: Back into IBIT, 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. Metrics: Buying Power Effect/Break Even: 49.83/share Max Profit: 2.17 ROC at Max: 4.35% 50% Max: 1.09 ROC at 50% Max: 2.18% Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes better than what I currently have on, and/or roll out the short call if my take profit is not hit.
NASDAQ:IBITLong
by NaughtyPines
Opening (IRA): TNA March 21st 37 Covered Call... for a 36.06 debit. Comments: On second thought ... . Maybe I'm not done with March yet. Here, selling the 84 delta call against shares to emulate the delta metrics of a 2x expected move 16 delta short put, but with the built-in defense of the short call. This is less risk than what I ordinarily take, but still has the >2.0% ROC at max I like to see out of these setups. Metrics: Buying Power Effect/Break Even: 36.06 Max Profit: .94 ROC at Max: 2.61% 50% Max: .47 ROC at 50% Max: 1.32%
AMEX:TNALong
by NaughtyPines
Opening (IRA): TMF March 28th 36 Covered Call... for a 35.08 debit. Comments: Selling the -75 delta call against shares on weakness to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 35.08 Max Profit: .92 ROC at Max: 2.62% 50% Max: .46 ROC at 50% Max: 1.31% Will generally look to take profit at 50% max, add at intervals if I can get in at strikes/break evens better than what I currently have, and/or roll out the short call on approaching worthless if my take profit is not hit.
AMEX:TMFLong
by NaughtyPines
Opening (IRA): SOXL March 21st 23 Covered Call... for a 21.09 debit. Comments: Adding at strikes better than what I currently have on, 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. Metrics: Buying Power Effect/Break Even: 21.09/share Max Profit: 1.91 ROC at Max: 9.06% 50% Max: .86 ROC at 50% Max: 4.03% Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes better than what I currently have on, and/or roll out the short call if my take profit is not hit.
AMEX:SOXLLong
by NaughtyPines
Opening (IRA): TNA March 28th 35 Covered Call... for a 34.04 debit. Comments: Adding at strikes better than what I currently have on, 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. Going lower net delta here as a personal choice, since I've already made goal for February, so don't see the need to take on my normal amount of risk. Metrics: Buying Power Effect/Break Even: 34.04/share Max Profit: .96 ROC at Max: 2.82% 50% Max: .48 ROC at 50% Max: 1.41% Will generally look to take profit at 50% max, add to the position at intervals if I can get in at strikes/break evens better than what I currently have on, and/or roll out my short call on approaching worthless if my take profit hasn't hit.
AMEX:TNALong
by NaughtyPines