Opening (IRA): ETHA November 21st 29 Covered Call

78
... for a 27.31 debit.

Comments: Building a position, laddering out at intervals over time, assuming I can get in at strikes better than what I currently have on. Selling the -75 delta call against shares 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: 27.31/share
Max Profit: 1.69 ($169)
ROC at Max: 6.19%

Will generally start to look to take profit at 50% of max, but have recently just been letting these run nearly to expiry ... .
Nota
Rolling the -29C to the Dec 19th -28C for a 1.12 credit. 26.19 break even with a 1.81 max.
Nota
Housekeeping: Rolling the Dec 19th -28C to the March 20th -26C for a 2.49 credit (i.e., a credit that exceeds that amount of price destruction). 23.70 break even with a 2.30 max.
Nota
Rolling from the March 20th -26C to the January 15th -25C for a 1.95 credit (i.e., a credit that exceeds the amount of strike destruction). 21.75 break even with a 3.25 max. Basically "dead money" here ... .

Exención de responsabilidad

La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.