Opening (IRA): GDX January 17th 34 Covered Call... for a 33.28 debit.
Comments: Selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Adding at strikes/break evens better than what I currently have on. This puppy also happens to have a dividend on offer in December, but is quite variant: www.nasdaq.com
Metrics:
Buying Power Effect/Break Even: 33.28
Max Profit: .72
ROC at Max: 2.16%
50% Max: .36
ROC at 50% Max: 1.08%