Opening (IRA): TQQQ January 17th 65 Covered Call

... for a 61.79 debit.

Comments: Adding a "rung" at a break even better than what I currently have on, selling the -75 delta call against stock 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: 61.79/share
Max Profit: 3.21 ($321)
ROC at Max: 5.20%
50% Max: 1.62 ($162)
ROC at 50% Max: 2.60%

Will generally look to take profit at 50% max, roll out short call on take profit test (which is at 63.40).
Beyond Technical AnalysismoniedcoveredcalloptionsstrategiesTQQQ

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