Opening (IRA): GDX Dec 20th 36 Covered Call
... for a 35.29 debit.
Comments: Selling the -75 delta call against 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: 35.29/share
Max Profit: .71
ROC at Max: 2.01%
50% Max: .36
ROC at 50% Max: 1.00%
That 1.00% ROC at 50% max is kind of "marginal," but just trying to keep theta on and burning with little stuff that I can add to should I have the opportunity to get in in higher IV/weakness.
Comments: Selling the -75 delta call against 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: 35.29/share
Max Profit: .71
ROC at Max: 2.01%
50% Max: .36
ROC at 50% Max: 1.00%
That 1.00% ROC at 50% max is kind of "marginal," but just trying to keep theta on and burning with little stuff that I can add to should I have the opportunity to get in in higher IV/weakness.
Trade closed manually
Closed for a 35.55 credit, a small winner. .26 ($26) 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.