Opened (IRA): TQQQ Sept 20th 58 Monied Covered Call

Jul 24

... for a 54.85 debit.

Comments: Added to my position at a strike/break even better than what I currently have on.

Metrics:

Buying Power Effect/Break Even: 54.85/share
Max Profit: 3.15 ($315)
ROC at Max: 5.74%
50% Max: 1.58 ($158)
ROC at 50% Max: 2.87%

Aug 9

Trade active

With the short call at greater than 50% max, rolling down and out to Dec (there still isn't an October or November) to the 52 short call for a 7.00 credit. Break even now 47.85 with a 4.15 max; 8.7% ROC at max.

Full ladder: Sept 20th 49, Sept 20th 53, Dec 20th 52, Dec 20th 58, Dec 20th 68.

Aug 20

Trade closed manually

Closed for 48.85 today; 1.00 ($100) profit; 2.09% ROC. Still have the Dec 58's and 68's on ... .