Do you ... fade this move? Pictured here is a long call diagonal with the long leg out in June at the +90 delta, and the short leg out in April at the -30 to synthetically emulate the net delta of a covered call position (i.e., long stock/short call) where the short call of the covered call setup would be at the -40 delta strike. Metrics: Assumption: Neutral*...
Testing assorted points placed on chart to represent covered calls I'm taking. Each point is the break-even price of each position. By hovering over a point, details of each trade will be given. Some points are connected to other points. These lines are Rollout trades where new calls were sold.
Comments: The one rung I couldn't strike improve very much with duration, so opted to let this rung go to assignment. I collected a total of 10.46 in credits (See Post Below), so the way I generally look at assignments is that the credits collected of10.46 ($1046) represent a realized gain. Unfortunately, the difference between the strike price (300.00) and...
... for a 183.77 debit. Comments: Since I still have broad market short delta hedges on in IWM, QQQ, and SPY, replacing a lot of the long delta I took off yesterday in one fell swoop here with covered calls. Here, I'm selling the short call paying around 1% of the strike price in credit. The 193 is paying 2.10 ($210) at the moment, and I'll look to roll it at...
Last one worked! Doing it again. I got 2200 shares. This is a NICE breakout and gap. I could EASILY see CCL going a tad higher from here. Looking pretty!!! Would not mind getting called away!
... for a 391.65 debit. Comments: As with my IWM covered calls, re-erecting long delta that I took off yesterday to offset the short delta of my SPY short delta hedges, targeting the short call strike paying around 1% of the strike price in credit. The February 17th 407 is paying 4.21 at the mid at the moment. Similarly, probably not the greatest spot to be...
Rinse and repeat. 10 ema on a monthly should act as some resistance. But this is 20% higher AND its over earnings. We could GET up to this price, but how nice would that be?!??!
This puppy is MOVING and I like it!!! :-) :-) I am in shares, been in them for a while. Bought some more sub $70 and feeling good about it. Only 3 weeks to expiration. I don't get a FULL 1%, but is' $20 higher , it's over earnings and BABA is pretty extended. I wouldn't mind getting called away here anyway, cuz I'm confident I could buy back cheaper.
A bunch of bull candles in a row. :-) Nice bounce, nice trend. I'm in 2000 shares and I'm net positive on them. Going to sell a covered call into strength over CPI. I like this move because it gives me a WHOLE $1.20 + .15 of room and only 3 weeks with one extra day of theta next monday.
I am loving this move right now. Chart looks hella pretty. Selling Feb week 1 $81 call for $2.25. Throwing out a limit. It might fill today or later. Tell me why this chart looks so nice??? :-)
... for a 376.09 debit/contract. Comments: Mixing things up a little bit here and/or attempting to simplify my investment life going forward. Here, I'm targeting the 45 DTE short call strike paying around 1% of the strike price in credit; the Feb 3rd 398 short call is paying a little more than that -- 4.25 ($425). The focus here will not so much be on my...
On 600 shares this brings in about $1800 of "rent money" I wouldn't not mind selling at $300. I would be profitable if that happens. Only 6 days of theta on this one ABOVE the 200 SMA and above a small down trend line.
... for a 191.42 credit. Comments: (Late Post). Paid 187.73 to put this on. (See Post Below). Money, take, run today. 3.69 ($369) winner. Will look to re-up in the next couple of days, as I still have IWM short delta on.
for an 187.73 debit. Comments: Since I've got IWM short delta hedge still hanging out there and no remaining IWM short puts to offset, doing a heavy long delta covered call (it's 67.48 long delta). Will look to roll out the short call (currently marking at 2.42) at 50% max to a similarly delta'd strike at or above my cost basis. From a price action...
$VEEV - everything goes according to plan. We crossed the 200SMA, we might retest back there. There's a huge supply zone around $227-$240 where the stock is struggling today. I own shares and sold covered calls for August 19, 240 strike.
Selling a call $25 higher than stock price now. This covered call will have two market closing days baked in AND it's above the 200 sma, less than 6 weeks of time AND I get paid more than 1%. Buy low, sell high.
How high will every go? I sold covered calls in XLE at 80 strike. This is a good position to be in. If it stays above 80 until mid June will buy back in. If below 80 will collect most premium and roll to July.
I predicted everything nearly perfectly to my surprise. I said we would probably either have a pump or a major dump. Not only did we majorly dump right before the pump, but the pump was with in my time frame and just barely broke over my designated price target. I hope you all cash out in the morning. Good luck apes!!!! LFG!!!