... for 42.80.
Metrics:
Max Profit: 3.20
Return on Capital at Max: 7.48%
Break Even: 42.80
Notes: As with the UAL, going nondirectional premium selling in the margin, covered call in the IRA.
Metrics:
Max Profit: 3.20
Return on Capital at Max: 7.48%
Break Even: 42.80
Notes: As with the UAL, going nondirectional premium selling in the margin, covered call in the IRA.
Trade active
Rolling the 46 short call from April to May on strength for a 1.42 credit. Cost basis of 41.38. Earnings are in 42 days, so may look to "play through," depending on where price is at shortly before earnings.Trade active
Although there's a bunch of extrinsic left in the 46's, rolling out on this vol pop here to June for a 1.13 credit. Cost basis at 40.25. I compared that against improving the short calls by a strike (to 47.00), which also increases max profit potential by 1.00, but since rolling "as is" does the same thing and pays slightly more (1.13), opted to go that route.Trade active
Pulled this off here for 45.57, .43 short of max, for a nice 5.32 ($532)/per contract-1 lot winner. This leaves me with one single name in the IRA -- UAL ... .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.