Invesco QQQ Trust Series I
Long
Aggiornato

Opened (IRA): QQQ August 16th 420 Monied Covered Call

112
... for a 411.80 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: 411.80
Max Profit: 8.20 ($820)
ROC at Max: 1.99%
ROC at 50% Max: 1.00%

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.
Trade chiuso manualmente
Closed for a 415.50 credit; 3.70 ($370) profit.

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