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SPDR S&P Regional Banking ETF
Long
Updated

Opening (IRA): KRE Sept 20th 42 Covered Call

117
... for a 40.73 debit.

Comments: Adding to my KRE (IVR/IV 50.4/28.6) position with a setup out in the September monthly that has a break even better than what I currently have on. Selling the -75 delta call against a one lot to emulate the delta metrics of a 25 delta short put with the built-in defense of the short call.

Additionally, attempting to grab a little more June divvy if I can, with ex-dividend not having been declared yet.

Metrics:

Buying Power Effect/Break Even: 40.73
Max Profit: 1.27 ($127)
ROC at Max: 3.12%
50% Max: .64
ROC at 50% Max: 1.56%
Note
6/24 Dividend: .39/share; $39/contract. Break even: 40.34.
Trade closed manually
Out today for a 41.06 debit. .72 ($72) profit (inc. dividends); 1.78% ROC.

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