Opening (IRA): SMCI April 17th 34 Covered Call

27 feb

... for a 32.13 debit.

Comments: High IVR/IV. Selling the -84 delta call against shares to emulate the delta metrics of a 2 x expected move 16 delta short put, but with the built-in defense of the short call.

Metrics:

Buying Power Effect/Break Even: 32.13/share
Max Profit: 1.87
ROC at Max: 5.82%
50% Max: .94
ROC at 50% Max: 2.91%

Will generally look to take profit at 50% max, roll out short call if take profit is not hit.

6 mar

Nota

Rolling the in-profit 34 short call down and out to the May 17th 32 for a 2.67 credit. 29.46 break even.

1 apr

Nota

Reducing long delta by rolling down in-profit short call. Rolling the -32C down to the -30C for a 1.15 credit; 28.31 break even.

4 apr

Trade chiuso manualmente

Gotta know when to fold 'em ... . Closed for a 24.70 credit; 3.61 loser.