Opening (IRA): TQQQ April 4th 70 Covered Call

21 Feb

... for a 68.05 debit.

Comments: Starter position in the first weekly in April ... .

Metrics:

Buying Power Effect/Break Even: 68.05
Max Profit: 1.95
ROC at Max: 2.87%
50% Max: .98
ROC at 50% Max: 1.44%

Will generally look to take profit at 50% max, add at intervals assuming I can get in at strikes better than what I currently have on, and/or roll out short call if my take profit is not hit.

6 Mac

Nota

Rolling the April 4th 70 to the April 17th 70 for a .75 credit. 67.30 break even; 2.70 max; 4.01% ROC at max.

10 Mac

Nota

Rolling the April 17th 70 down and out to the June 20th 66 for a 4.35 credit; 62.95 break even.

28 Mac

Nota

With the short call at near 50% max, rolling down and out to the Sept 19th 63 for a 4.23 credit; 58.72 break even.

1 Apr

Nota

Reducing long delta ... . Rolling the in profit -63C down to the -59C for a 1.71 credit. 57.01 break even.

5 Apr

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Posting the rest of my Friday losers: Closed for a 40.60 credit; 16.41 loser (ouch).