Opened (Small Account): MJ October 15th 16 Covered Call

93
... for a 15.44 debit.

Comments: A small engagement trade in the small account ... . Here, going monied (i.e., the short call is in-the-money versus out-of-the-money), looking for MJ to stay above 16 running through expiry. Post-fill, entered an order to take it off for 15.95 (.05 short of max). That is unlikely to fill until the waning days of the short call contract when extrinsic in approaches nil, but you never know.

Metrics:

Max Theoretical Loss: 15.44
Max Profit: .56
Return on Capital at Max (as a Function of Max Loss): 3.63%
Return on Capital at 50% Max: 1.81%

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