Opening (IRA): TQQQ April 17th 45 Covered Call... for a 43.24 debit.
Comments: Adding to my position at break evens better than what I currently have on, but going a little bit less aggressive net delta-wise, selling the -84 delta call against shares to emulate the delta metrics of a 2 x expected move short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 43.24
Max Profit: 1.76
ROC at Max: 4.07%
50% Max: .88
ROC at 50% Max: 2.04%
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 short call if my take profit is not hit.