Opening (IRA): TQQQ August 16th 73 Monied Covered Call
... for a 70.80 debit.
Comments: High IV at 55%. Buying a one lot and selling a -75 call against in the August 16th monthly to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. I looked at doing something in the 45 DTE wheelhouse, which would be the August 30th expiry, but it was less liquid than the monthly, so opted to go shorter duration, with the plan being to roll out to the September monthly should we get further weakness and/or a test of 73. Otherwise, I'll look to just take profit at my standard 50% max.
Metrics:
Buying Power Effect/Break Even: 70.80
Max Profit: 2.20
ROC at Max: 3.11%
50% Max: 1.10
ROC at 50% Max: 1.55%
Comments: High IV at 55%. Buying a one lot and selling a -75 call against in the August 16th monthly to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. I looked at doing something in the 45 DTE wheelhouse, which would be the August 30th expiry, but it was less liquid than the monthly, so opted to go shorter duration, with the plan being to roll out to the September monthly should we get further weakness and/or a test of 73. Otherwise, I'll look to just take profit at my standard 50% max.
Metrics:
Buying Power Effect/Break Even: 70.80
Max Profit: 2.20
ROC at Max: 3.11%
50% Max: 1.10
ROC at 50% Max: 1.55%
Dagangan aktif
Rolled the 73 short call to the Sept 20th 71 for a 2.43 credit (a credit that exceeds the width of strike improvement). Break even now 68.37; 2.63 max; 3.85% ROC at max.Dagangan aktif
Rolled the Sept 20th 71 short call to the Dec 20th 68 for a 3.67 (a credit that exceeds the width of strike improvement) on strength today. 64.70 break even; 3.30 max; 5.10% ROC at max.
Unfortunately, there isn't an October monthly currently available (or a November), so had to go out to Dec.
Nota
9/25 Dividend: 0.230214/share. 64.47 break even (with divvies).Dagangan ditutup secara manual
Closing here a little short of 50% max. Closed for a 66.21 credit; 1.74 ($174) profit (with divvies). Now out of my TQQQ position.
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.
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.