Opening (IRA): USO December 20th 65 Covered Call

2024年10月15日

... for a 62.41 break even.

Comments: High IVR/IV (79/51) plus weakness. Adding a rung to my USO position out in December at break evens better than what I currently have on. Selling the -75 delta call against stock 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: 62.41
Max Profit: 2.59
ROC at Max: 4.15%
50% Max: 1.30
ROC at 50% Max: 2.07%

Will generally look to take profit at 50% max; look to roll out the short call on test.

2024年11月1日

トレード終了: 利益確定目標に到達

Hit 50% max at open, closing for a 63.71 credit. 1.30 ($130) profit. Still have the Dec 20th 63's and 69's on. Counterintuitive that the 63 didn't hit first, but it's deeper ITM and somewhat illiquid ... .