Opening (IRA): IBIT February 28th 49.5 Covered Call
... for a 47.52 debit.
Comments: High IV/IVR. Back into IBIT on a little bit of weakness here, 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. The March monthly is still a bit long in duration for my tastes, so going with a weekly.
Metrics:
Buying Power Effect/Break Even: 47.52/share
Max Profit: 1.98
ROC at Max: 4.17%
50% Max: .99
ROC at 50% Max: 2.09%
Will generally look to take profit at 50% max, roll out short call on take profit test, add at intervals, assuming I can get in at break evens better than what I currently have on.
Comments: High IV/IVR. Back into IBIT on a little bit of weakness here, 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. The March monthly is still a bit long in duration for my tastes, so going with a weekly.
Metrics:
Buying Power Effect/Break Even: 47.52/share
Max Profit: 1.98
ROC at Max: 4.17%
50% Max: .99
ROC at 50% Max: 2.09%
Will generally look to take profit at 50% max, roll out short call on take profit test, add at intervals, assuming I can get in at break evens better than what I currently have on.
Trade closed manually
Half way to 50% max in one day? I'll money/take/run. Closed for a 48.04 credit; .52 ($52) profit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.