... for a 5.26 credit.
Comments: Targeting the strike that is both at 16 delta or below and that is paying 1% of the strike price in credit ... .
Metrics:
Buying Power Effect/Break Even: 484.72
Max Profit: 5.26
ROC at Max: 1.09%
Will generally look to ladder out at intervals, assuming I can get in at prices better than what I currently have on, roll out at 50% max ... .
Comments: Targeting the strike that is both at 16 delta or below and that is paying 1% of the strike price in credit ... .
Metrics:
Buying Power Effect/Break Even: 484.72
Max Profit: 5.26
ROC at Max: 1.09%
Will generally look to ladder out at intervals, assuming I can get in at prices better than what I currently have on, roll out at 50% max ... .
Note
Rolling up to the <16 delta strike paying around 1% of the strike price in credit, and that's at the 513. Received a 2.08 credit; 7.34 net credits received.Note
Doing a "window dressing roll" for a realized gain from the June 20th 513 to the June 30th 505 for a .09 credit. Just looking to milk the last meaty bits out of June while reducing buying power effect/lowering my break even. 7.43 net credits collected.Trade closed manually
Closing here for a .73 debit; 6.70 ($670) 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.