Opening (IRA): TAN August 16th 39 Covered Call
Updated
... for a 37.86 debit.
Comments: High IVR/IV at 55.1/41. Selling the -75 call against stock to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 37.86
Max Profit: 1.14
ROC at Max: 3.01%
50% Max: .57
ROC at 50% Max: 1.50%
Will generally look to take profit at 50% max.
Comments: High IVR/IV at 55.1/41. Selling the -75 call against stock to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 37.86
Max Profit: 1.14
ROC at Max: 3.01%
50% Max: .57
ROC at 50% Max: 1.50%
Will generally look to take profit at 50% max.
Trade closed manually
Closing here for exactly 1.00% ROC ... . Closed for a 38.25 credit; .39 profit.
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