... for a 135.40 debit.
Comments: High IV (67.3%). Selling the -75 delta call against long stock to emulate the delta metrics of a 25 delta short put, but with built-in short call defense.
Earnings are slated to be announced on 11/7, so will look to be out of the trade by then.
Metrics:
Buying Power Effect/Break Even: 135.40
Max Profit: 9.60 ($960)
ROC at Max: 7.09%
50% Max: 4.80
ROC at 50% Max: 3.55%
Will generally look to take profit at 50% max; roll out short call on side test.
Comments: High IV (67.3%). Selling the -75 delta call against long stock to emulate the delta metrics of a 25 delta short put, but with built-in short call defense.
Earnings are slated to be announced on 11/7, so will look to be out of the trade by then.
Metrics:
Buying Power Effect/Break Even: 135.40
Max Profit: 9.60 ($960)
ROC at Max: 7.09%
50% Max: 4.80
ROC at 50% Max: 3.55%
Will generally look to take profit at 50% max; roll out short call on side test.
Trade closed manually
Closed for a 138.43 credit. 3.03 ($303) profit; 2.24% ROC for 6 days' "work."
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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.