Opened (IRA): XLE April 19th 88 Covered Call... for a 85.43 debit.
Comments: Looking to attempt to grab the March dividend, which has been averaging around .80 over the past four distributions.
Metrics:
Buying Power Effect/Break Even/Cost Basis in Shares: 85.43
Max Profit: 2.57 ($257)
ROC at Max (ex. dividend): 3.01%
ROC at Max (w/dividend): 3.94% (assuming an .80 distribution)
ROC at 50% Max (ex. dividend): 1.50%
ROC at 50% Max (w/dividend): 2.44% (assuming an .80 distribution)
