... for a 19.60 debit.
Comments: Buying the back month 90 delta call and selling a front month that pays for at least all of the extrinsic in the long such that the break even is at or below where the stock is currently trading.
Metrics:
Buying Power Effect: 19.60
Break Even: 109.60/share
Max Profit: 5.40
ROC at Max: 27.6%
I generally look to take profit on these at 110% of what I put them on for and/or roll out the short call if my take profit isn't hit.
Comments: Buying the back month 90 delta call and selling a front month that pays for at least all of the extrinsic in the long such that the break even is at or below where the stock is currently trading.
Metrics:
Buying Power Effect: 19.60
Break Even: 109.60/share
Max Profit: 5.40
ROC at Max: 27.6%
I generally look to take profit on these at 110% of what I put them on for and/or roll out the short call if my take profit isn't hit.
Trade closed manually
Money, take, run ... . Closed for a 20.60 credit. 1.00 ($100) 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.