Opening (IRA): BITO June 21st 24 Short Put
... for a 1.82 credit.
Comments: Adding a short put on weakness here to my covered call, which I'm sticking in with to grab the monthly divvy.
I'm okay with being assigned additional shares, since the break even of the June 24 is below the cost basis of what I currently have on. Otherwise, I'm perfectly fine with doing my usual take profit at 50% of max.
Metrics:
Buying Power Effect/Break Even: 22.18
Max Profit: 1.82 ($182)
ROC as a Function of Buying Power Effect: 8.21%
ROC at 50% Max: 4.10%
Comments: Adding a short put on weakness here to my covered call, which I'm sticking in with to grab the monthly divvy.
I'm okay with being assigned additional shares, since the break even of the June 24 is below the cost basis of what I currently have on. Otherwise, I'm perfectly fine with doing my usual take profit at 50% of max.
Metrics:
Buying Power Effect/Break Even: 22.18
Max Profit: 1.82 ($182)
ROC as a Function of Buying Power Effect: 8.21%
ROC at 50% Max: 4.10%
Trade stängt manuellt:
Closed here for a 1.14 debit; .68 ($68) profit. Will re-up on weakness.