United States Oil Fund
Long
Mis à jour

Opened (IRA): USO Dec 20th 63 Covered Call

87
... for a 61.26 debit.

Comments: (Late Post). High IV (67.7% as of Tuesday close) + weakness.

Added a "rung" to my existing position at a strike 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: 61.26
Max Profit: 1.74
ROC at Max: 2.84%
50% Max: .87
ROC at 50% Max: 1.42%

Will generally look to take profit at 50% max, roll out in-profit short call on test of take profit. Here, the 50% max take profit would be .87 + 61.26 or 62.13.
Trade fermée: cible de profit atteinte
Hit 50% max today, closing for a 62.13 credit. .87 ($87) profit.

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