Opened (IRA): TQQQ May 17th 55 Monied Covered Call

Bought a one lot of shares and sold an in-the-money -75 delta call to emulate a 25 delta short put to take advantage of call IV skew and to have built-in pro via the short call.

Metrics:

Break Even/Cost Basis in Shares: 52.71
Max Profit: 2.29 ($229)
ROC %-age at Max: 4.34%
ROC %-age at 50% Max: 2.17%

Will generally look to take profit at 50% max, add at intervals at a strike/cost basis better than what I currently have on should weakness present itself.

تم فتح الصفقة:

Managed to capture the .2151/share divvy (which wasn't really a goal of this setup, but I'll take it). Cost basis in shares: 52.71 - .2151 = 52.4949.

تم فتح الصفقة:

Rolled the May 17th 55 short call to the June 21st 55 for a 1.72 credit. 50.99 cost basis. (Excluding the dividend).

تم فتح الصفقة:

That ... is one big move. Rolling the June 21st 55 to the September 20th 55 for a 2.25 credit. 48.74 cost basis/break even.

تم إغلاق الصفقة يدويًا:

Closed for a 49.55 debit; .81 profit. Will look to re-up in shorter duration.