Opening (IRA): TMF March 21st 36 Covered Call

45
... for a 34.85 debit.

Comments: Starter position. 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:

Buying Power Effect/Break Even: 34.85
Max Profit: 1.15
ROC at Max: 3.30%
50% Max: .58
ROC at 50% Max: 1.65%

Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes/break evens better than what I currently have on, and/or roll out the short call if my take profit is not hit.
Trade closed manually
Close enough ... . Closed for a 35.40 credit; .55 ($55) profit; 1.58% ROC.

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