Opening (IRA): XBI February 21st 85 Covered Call
... for an 83.01 debit.
Comments: Adding at strikes/break evens better than what I currently have on, 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.
Metrics:
Buying Power Effect/Break Even: 83.01/share
Max Profit: 1.99
ROC at Max: 2.40%
50% Max: 1.00
ROC at 50% Max: 1.20%
Will generally look to take profit at 50% max, roll out short call on take profit point test.
Comments: Adding at strikes/break evens better than what I currently have on, 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.
Metrics:
Buying Power Effect/Break Even: 83.01/share
Max Profit: 1.99
ROC at Max: 2.40%
50% Max: 1.00
ROC at 50% Max: 1.20%
Will generally look to take profit at 50% max, roll out short call on take profit point test.
Trade closed: target reached
Hit 50% max today, closing for an 84.01 credit; 1.00 ($100) 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.