Opening (IRA): QQQ April 19th 405 Monied Covered Call
... for a 397.94 debit.
Comments: Re-establishing here in the Q's with a +25 delta monied covered call to take advantage of call side skew.
Will look to add at intervals, dispersing risk across expiries, and generally take profit at 50% max and/or roll out the short call on test.
Metrics:
Max Profit: 7.06 ($706)
ROC %-age at Max/50% Max: 1.77% at max; .89 at 50% max
Break Even/Cost Basis: 397.94
Delta/Theta: 25.42/11.42
Comments: Re-establishing here in the Q's with a +25 delta monied covered call to take advantage of call side skew.
Will look to add at intervals, dispersing risk across expiries, and generally take profit at 50% max and/or roll out the short call on test.
Metrics:
Max Profit: 7.06 ($706)
ROC %-age at Max/50% Max: 1.77% at max; .89 at 50% max
Break Even/Cost Basis: 397.94
Delta/Theta: 25.42/11.42
Trade closed manually:
Money, take, run ... . Closed for a 399.70 credit. 1.76 ($176) profit.