Opening (IRA): QQQ October 18th 430 Monied Covered Call

8月26日

... for a 424.60 debit.

Comments: Re-upping in the Q's after profit taking ... .

As with my IWM position, I'm not being as aggressive as I usually am from a delta standpoint. This is because I've already made money in the cycle and want to give myself a little more room to be wrong since we've had somewhat of a bodice ripper from early August lows. Selling the -84 short call against stock, resulting in a setup with a net delta of around 16.

Metrics:

Buying Power Effect/Break Even: 424.60
Max Profit: 5.40
ROC at Max: 1.27%
50% Max: 2.70
ROC at 50% Max: .64%

Will generally look to take profit at 50% max/roll out in-profit short call if there's a sell-off and the setup's net delta converges on +30.

9月3日

交易進行

In 20-20 hindsight, it would've been better to wait for a red day to re-up, but I can kind of fix that here with a roll. Rolling the Oct 18th 430 down and out to the Nov 15th 415 for a 17.32 credit (a credit that exceeds the amount of strike destruction). 407.28 break even; max 7.72; 1.90% ROC at max (excluding September dividends); 19.84 net delta.

9月23日

交易進行

9/23 dividend: .67686/share; 667.69/ONE lot. Break even: 406.60.

9月27日

手動結束交易

Closing here for a 410.65 debit; 4.05 ($405) profit (including divvies). Will re-up at a slightly higher strike ... .