Opening (IRA): URTY February 21st 42 Covered Call

48
... for a 39.56 debit.

Comments: This ... is unwinding. Adding at strikes/break evens better than what I currently have on, 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: 39.56/share
Max Profit: 2.44
ROC at Max: 6.17%
50% Max: 1.22
ROC at 50% Max: 3.09%
Trade active
Out at 50% max today, closing for a 40.78 credit. 1.22 ($122) profit. Still have the February 21st 50's on.

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