Opening (IRA): SMH September 19th 260 Covered Call

15
... for a 253.21 debit.

Comments: One of the higher IV ETF's at the top of my board. Selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.

Metrics:

Break Even/Buying Power Effect: 253.21
Max Profit: 6.79 ($679)
ROC at Max: 2.68%
50% Max: 3.39 ($339)
ROC at 50% Max: 1.34%

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