Metrics:
Buy Shares at 4.62
Sell Oct 21st 5 call
Whole Package: 4.36
Max Profit: $64 (if called away at 5)
ROC: 14.7%
Notes: The ROC metrics are good here; the chart is not. The underlying is at highs, so it might be beneficial to wait for a pullback to initiate a play. By the same token, there is room to the upside (albeit small to next ZigZag indicated resistance at 5.16). I looked at premium on the put side; in my opinion, not enough juice there to sell, for example, the naked Oct 21st 4.
Buy Shares at 4.62
Sell Oct 21st 5 call
Whole Package: 4.36
Max Profit: $64 (if called away at 5)
ROC: 14.7%
Notes: The ROC metrics are good here; the chart is not. The underlying is at highs, so it might be beneficial to wait for a pullback to initiate a play. By the same token, there is room to the upside (albeit small to next ZigZag indicated resistance at 5.16). I looked at premium on the put side; in my opinion, not enough juice there to sell, for example, the naked Oct 21st 4.