Opening (IRA): SMH December 20th 225 Covered Call... for a 221.96 debit.
Comments: Selling the -85 call against stock to emulate the delta metrics of a 15 delta short put with the built-in defense of the short call.
Here, primarily just looking to capture the next little increment of up move I missed out on with my 220 covered call.
Metrics:
Buying Power Effect/Break Even: 221.96
Max Profit: 3.04
ROC at Max: 1.37%
50% Max: 1.52
ROC at 50% Max: .69%
