Opening (IRA): TAN January 17th 33 Covered Call

... for a 32.29 debit.

Comments: ETF IV > 35% with 30-day currently at 39.7%. Adding to my position at strikes 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. Dinking and doinking on "little stuff" running into year's end ... .

Metrics:

Buying Power Effect/Break Even: 32.29/share
Max Profit: .71
ROC at Max: 2.20%
50% Max: .36
ROC at 50% Max: 1.10%

Will generally look to take profit at 50% max.
Beyond Technical AnalysismoniedcoveredcalloptionsstrategiesTAN

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