Opening (IRA): X January 17th 33 Covered Call
Updated
... for a 30.36 debit.
Comments: High IVR/IV at 99.4/105.2. Selling the -75 delta call against long stock 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: 30.36
Max Profit: 2.64
ROC at Max: 8.70%
50% Max: 1.32
ROC at 50% Max: 4.35%
Will generally look to take profit at 50% max.
Comments: High IVR/IV at 99.4/105.2. Selling the -75 delta call against long stock 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: 30.36
Max Profit: 2.64
ROC at Max: 8.70%
50% Max: 1.32
ROC at 50% Max: 4.35%
Will generally look to take profit at 50% max.
Note
The Nippon deal is all but dead ... . Will look to roll the short call out if my take profit price at 31.68 is tested. It briefly dipped sub-31 in AH, but got bought up to 35 and change.Trade closed manually
Getting out while the getting's good ... . Closed for a 30.99 credit; .63 ($63) profit.
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