Opening (IRA): TLT February 21st 87 Covered Call
... for a 85.97 debit.
Comments: Going long at or near November lows, selling the -75 call against shares to emulate the delta metrics of a 25 delta short put, with the built-in defense of the short call. I'm also looking to snag the January and potentially the February dividends here. This is a bit longer-dated than I ordinarily like to go, but I'm not doing a ton here besides waiting for January setups to come in/be managed.
The obvious variant is to sell the standard -30 delta against: TLT Feb 21st 94 covered call, 89.72 debit, 4.28 max. 4.77% ROC at max where the short call is paying >1% of the strike price in credit.
Metrics:
Buying Power Effect/Break Even: 85.97/share
Max Profit (ex. dividends): 1.03
ROC at Max: 1.20%
50% Max: .52
ROC at 50% Max: .60%
Will generally look to take profit at 50% max after at least the January dividend drops.
Comments: Going long at or near November lows, selling the -75 call against shares to emulate the delta metrics of a 25 delta short put, with the built-in defense of the short call. I'm also looking to snag the January and potentially the February dividends here. This is a bit longer-dated than I ordinarily like to go, but I'm not doing a ton here besides waiting for January setups to come in/be managed.
The obvious variant is to sell the standard -30 delta against: TLT Feb 21st 94 covered call, 89.72 debit, 4.28 max. 4.77% ROC at max where the short call is paying >1% of the strike price in credit.
Metrics:
Buying Power Effect/Break Even: 85.97/share
Max Profit (ex. dividends): 1.03
ROC at Max: 1.20%
50% Max: .52
ROC at 50% Max: .60%
Will generally look to take profit at 50% max after at least the January dividend drops.
ملاحظة
12/18 dividend: .351/share. 85.62 break even. Alas, I was not a shareholder of record for my March 21st 84 covered call.ملاحظة
Rolling the 87 short call out on near side test to the March 87 for a .55 credit. 85.97 break even (ex. dividends); 85.07 (including dividends).تم إغلاق الصفقة يدويًا
Closed for an 85.43 credit. My ex. dividends break even was 85.97 - .55 or 85.42, so basically taking this opportunity to scratch this puppy out. 
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.