Opened (IRA): TQQQ May 17th 55 Monied Covered CallBought a one lot of shares and sold an in-the-money -75 delta call to emulate a 25 delta short put to take advantage of call IV skew and to have built-in pro via the short call.
Metrics:
Break Even/Cost Basis in Shares: 52.71
Max Profit: 2.29 ($229)
ROC %-age at Max: 4.34%
ROC %-age at 50% Max: 2.17%
Will generally look to take profit at 50% max, add at intervals at a strike/cost basis better than what I currently have on should weakness present itself.