Opened (IRA): IWM August 16th 191 Monied Covered Call

2024年6月1日

... for a 187.46 debit.

Comments: (Late Post). Sold the -75 call against a one lot to emulate the delta metrics of a 25 delta short put, but with built-in short call defense.

Metrics:

Buying Power Effect/Break Even: 187.46.
Max Profit: 3.54 ($354)
ROC at Max: 1.89%
ROC at 50% Max: .94%

Will generally look to take profit at 50% max on the entire setup (stock + short call) as a unit, but won't hesitate to roll out the short call if in profit to keep my break even at or near where the underlying is currently trading.

2024年6月7日

トレード稼働中

Small adjustment here: Rolled the August 19th 191 down to the August 19th 189 (-75 delta) for a 1.58 credit. 185.58 break even. This reduces max slightly to 3.42, but keeps my delta at around +25 long.

2024年6月11日

ノート

6/11 ex-divvy: 0.562204/share, 56.22/one lot. 185.02 break even (including dividends).

2024年6月21日

トレード稼働中

Rolled the in profit August 189 call down and out to the Sept 20th 184/-75 delta call for a 6.05 credit, receiving a credit in excess of the strike improvement. 178.97 break even (with dividends); 179.83 (excluding dividends). ROC at max increases to 2.80% (with dividends); 2.32% without.

Still looking to take profit at 50% max, but just wanted more downside room to be wrong while I dawdle about on summer vacation ... .

2024年7月16日

手動でトレードを終了しました

Taking profit here, closing for a 181.61 credit. 2.64 ($264) profit (including dividends). 1.48% ROC.