... for a 39.07 debit.
Comments: Adding in at strikes better than what I currently have on, selling the -75 delta against shares to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. I would prefer using TNA, since it's more liquid and has more expiries available, but already have a position on in TNA where the short call strike is at or above the -75, so don't want to add here.
Metrics:
Buying Power Effect/Break Even: 39.07/share
Max Profit: 1.93
ROC at Max: 4.94%
50% Max: .97
ROC at 50% Max: 2.47%
Will generally look to take profit at 50% max, roll out the short call if the setup doesn't hit my take profit.
Comments: Adding in at strikes better than what I currently have on, selling the -75 delta against shares to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. I would prefer using TNA, since it's more liquid and has more expiries available, but already have a position on in TNA where the short call strike is at or above the -75, so don't want to add here.
Metrics:
Buying Power Effect/Break Even: 39.07/share
Max Profit: 1.93
ROC at Max: 4.94%
50% Max: .97
ROC at 50% Max: 2.47%
Will generally look to take profit at 50% max, roll out the short call if the setup doesn't hit my take profit.
Trade closed manually
Money, take, run ... . Closed for a 39.98 credit, .91 ($91) profit, .06 short of 50% max. 2.33% ROC for 1 days' "work." Still have the February 21st 48's on.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.