Opening (IRA): TQQQ December 20th 74 Covered Call

Aggiornato
... for a 71.29 debit.

Comments: Selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put, but with built-in short call defense.

I'm looking at this as a starter position because I kind of have a feeling that I'm going to regret not putting this on in weakness/higher IV and will be adding at better strikes/break evens (only time will tell).

Metrics:

Buying Power Effect/Break Even: 71.29/share
Max Profit: 2.71
ROC at Max: 3.80%
50% Max: 1.36
ROC at 50% Max: 1.90%
Trade attivo
With the short call in profit, rolling out to the January 17th 74 for a 1.46 credit; 69.83 break even. Max: 4.17; ROC at max: 5.97% as a function of break even.
Beyond Technical AnalysismoniedcoveredcalloptionsstrategiesTQQQ

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