Opening (IRA): TQQQ April 19th 52 Short Put
Updated
... for a 1.54 credit.
Comments: Adding a short put component to my TQQQ covered call (See Post Below) here on weakness.
Metrics:
Break Even/Buying Power Effect/Resulting Cost Basis In Stock: 50.46
Max Profit: 1.53/$153
ROC at Max: 3.03%
ROC at 50% Max: 1.52%
Will generally look to take profit on the covered call component at 50% max and the short put component at 50% max.
Comments: Adding a short put component to my TQQQ covered call (See Post Below) here on weakness.
Metrics:
Break Even/Buying Power Effect/Resulting Cost Basis In Stock: 50.46
Max Profit: 1.53/$153
ROC at Max: 3.03%
ROC at 50% Max: 1.52%
Will generally look to take profit on the covered call component at 50% max and the short put component at 50% max.
Note
Ooops. Horizontal ray on chart should say "April 19th 52 Short Put."Trade closed: target reached
Hit 50% max today, closing for a .77 debit. .77 ($77) profit; 1.53% ROC. Out of my TQQQ position, but will probably re-up in the May monthly here shortly.
Related publications
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.