Opening (IRA): TNA March 28th 35 Covered Call
... for a 34.04 debit.
Comments: Adding at strikes better than what I currently have on, selling the -84 delta call against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call. Going lower net delta here as a personal choice, since I've already made goal for February, so don't see the need to take on my normal amount of risk.
Metrics:
Buying Power Effect/Break Even: 34.04/share
Max Profit: .96
ROC at Max: 2.82%
50% Max: .48
ROC at 50% Max: 1.41%
Will generally look to take profit at 50% max, add to the position at intervals if I can get in at strikes/break evens better than what I currently have on, and/or roll out my short call on approaching worthless if my take profit hasn't hit.
Comments: Adding at strikes better than what I currently have on, selling the -84 delta call against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call. Going lower net delta here as a personal choice, since I've already made goal for February, so don't see the need to take on my normal amount of risk.
Metrics:
Buying Power Effect/Break Even: 34.04/share
Max Profit: .96
ROC at Max: 2.82%
50% Max: .48
ROC at 50% Max: 1.41%
Will generally look to take profit at 50% max, add to the position at intervals if I can get in at strikes/break evens better than what I currently have on, and/or roll out my short call on approaching worthless if my take profit hasn't hit.
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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.