Opening (IRA): TQQQ March 21st 68 Covered Call... for a 64.63 debit.
Comments: Starter position on weakness, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with built-in short call defense.
Metrics:
Buying Power Effect/Break Even: 64.63
Max Profit: 3.37
ROC at Max: 5.21%
50% Max: 1.69
ROC
