Opening (IRA): TAN Nov 15th 37 Covered Call

2024年10月4日

... for a 35.89 debit.

Comments: Relatively decent IV here at 42.8%. Selling the -75 delta call against stock to emulate the delta metrics of a +25 delta short put, but with the built-in defense of the short call.

Metrics:

Buying Power Effect/Break Even: 35.89
Max Profit: 1.11
ROC at Max: 3.09%
50% Max: .56
ROC at 50% Max: 1.55%

Will generally look to take profit at 50% max; roll out short call on test.

2024年10月16日

交易進行

With the Nov 15th 37 at greater than 50% max, rolling it down and out to the December 20th 36 for a 1.04 credit (a credit that exceeds the amount of "strike destruction"). 34.85 break even.

2024年12月6日

註釋

With the December 20th 36 at >50% max, 14 DTE, and the stock price testing my take profit, rolling the short call down and out to the January 17th 35 strike for a 1.10 credit (i.e., for a credit that exceeds the amount of strike destruction). 33.75 break even.

2024年12月27日

註釋

Take profit point test: Rolling from the Jan 17th -35C down to the February 21st -34C for a 1.27 credit. 32.48 break even.

1月15日

手動結束交易

Rolled this a couple of times, so glad for the opportunity to close it out as a small winner ... . Closing for a 32.72 credit; .24 profit. Still have the February 21st 32's on.