... for a 415.50 debit.
Comments: After taking off my Nov 415 covered call in profit (See Post Below), re-upping here, but at a slightly higher strike (there are only five-wides available). The 420 is at the -87 delta, so this is less aggressive than I usually do (-75 delta call). However, I've already booked profit in the November cycle, so am fine with getting what is kind of a weak sauce ROC here with plenty of "room to be wrong," particularly with the elections coming up.
Metrics:
Buying Power Effect/Break Even: 415.50/share
Max Profit: 4.50 ($450)
ROC at Max: 1.08%
50% Max: 2.25 ($225)
ROC at 50% Max: .54%
Will generally look to take profit at 50% max, roll out the short call on side test/IV expansion.
Comments: After taking off my Nov 415 covered call in profit (See Post Below), re-upping here, but at a slightly higher strike (there are only five-wides available). The 420 is at the -87 delta, so this is less aggressive than I usually do (-75 delta call). However, I've already booked profit in the November cycle, so am fine with getting what is kind of a weak sauce ROC here with plenty of "room to be wrong," particularly with the elections coming up.
Metrics:
Buying Power Effect/Break Even: 415.50/share
Max Profit: 4.50 ($450)
ROC at Max: 1.08%
50% Max: 2.25 ($225)
ROC at 50% Max: .54%
Will generally look to take profit at 50% max, roll out the short call on side test/IV expansion.
Nota
On a side note, my IWM and SPY positions aren't quite yet profitable to the extent I would like, so just leaving them alone for now ... .Dagangan aktif
With my short call in profit, rolling the Nov 15th 420C out to the Dec 20th 420 for a 3.78 credit. 411.72 break even; 8.28 max; 2.01% ROC at max. As with my IWM position, just looking to milk a little more out of the position running into elections/year end, after which I will probably "resume regularly scheduled programming."Dagangan ditutup secara manual
Out ... for a 416.97 credit. 5.25 ($525) profit.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.