Opening (IRA): SOXL May 16th 17 Covered Call

27 feb

... for a 15.68 debit.

Comments: Laddering out a smidge here, selling the -84 delta call against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call.

Metrics:

Buying Power Effect/Break Even: 15.68
Max Profit: 1.32
ROC at Max: 8.42%
50% Max: .66
ROC at 50% Max: 4.21%

Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes/break evens than what I currently have on, and/or roll out short call if my take profit is not hit.

21 mar

Nota

Short Call at 50% max roll from the May 16th 17 to the August 15th 15 for a 2.47 credit; 13.21 break even.

1 apr

Nota

Reducing long delta ... . Rolling the -15C down to the -14C for a .45 credit; 12.76 break even.

3 apr

Nota

Rolling down to the 13 for a .33 credit; 12.43 break even.

4 apr

Trade chiuso manualmente

Throwing in the towel ... . Closed for a 7.74 credit; 4.69 loser.