VanEck Semiconductor ETF
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Opening (IRA): SMH January 17th 235 Covered Call

48
... for a 230.52 debit.

Comments: Mostly in this to attempt to grab the annual divvy ... . Last year, it was 1.04/share, but it has been widely variant from year to year (e.g., 2.40 in 2022; 1.57 in 2021; 1.50 in 2020). 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.

Metrics:

Buying Power Effect/Break Even: 230.52/Share
Max Profit: 4.48
ROC at Max: 1.94%
50% Max: 2.24
ROC at 50% Max: .97%

Will generally look to take profit at 50% max, but may take profit early if the dividend turns out to be non-chump change.
手動結束交易
With FOMC on tap, taking my money and running, closing for a 232.34 credit; 1.82 ($182) profit.

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