Opening (IRA): SMH December 20th 225 Covered Call

11월 8일

... for a 221.96 debit.

Comments: Selling the -85 call against stock to emulate the delta metrics of a 15 delta short put with the built-in defense of the short call.

Here, primarily just looking to capture the next little increment of up move I missed out on with my 220 covered call.

Metrics:

Buying Power Effect/Break Even: 221.96
Max Profit: 3.04
ROC at Max: 1.37%
50% Max: 1.52
ROC at 50% Max: .69%

11월 11일

액티브 트레이드

Rolling the in-profit December 20th 225 to the January 17th 225 for a 1.77 credit; 220.19 break even. The primary reason I'm doing this is because SMH pays a dividend in December (and only in December), and I want to attempt to grab that before hitting the exit.