... for a 230.52 debit.
Comments: Mostly in this to attempt to grab the annual divvy ... . Last year, it was 1.04/share, but it has been widely variant from year to year (e.g., 2.40 in 2022; 1.57 in 2021; 1.50 in 2020). Selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put, but with built-in short call defense.
Metrics:
Buying Power Effect/Break Even: 230.52/Share
Max Profit: 4.48
ROC at Max: 1.94%
50% Max: 2.24
ROC at 50% Max: .97%
Will generally look to take profit at 50% max, but may take profit early if the dividend turns out to be non-chump change.
Comments: Mostly in this to attempt to grab the annual divvy ... . Last year, it was 1.04/share, but it has been widely variant from year to year (e.g., 2.40 in 2022; 1.57 in 2021; 1.50 in 2020). Selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put, but with built-in short call defense.
Metrics:
Buying Power Effect/Break Even: 230.52/Share
Max Profit: 4.48
ROC at Max: 1.94%
50% Max: 2.24
ROC at 50% Max: .97%
Will generally look to take profit at 50% max, but may take profit early if the dividend turns out to be non-chump change.
Trade closed manually
With FOMC on tap, taking my money and running, closing for a 232.34 credit; 1.82 ($182) profit.
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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.