Opening (IRA): TQQQ Sept 20th 49 Monied Covered Call... for a 45.45 debit.
Comments: Last rung in Sept.... Selling the -75 call against stock to emulate the delta metrics of a 25 delta long put with the built-in defense of the short call.
Metrics:
Break Even/Buying Power Effect: 45.45
Max Profit: 3.55 ($355)
ROC at Max: 7.81%
50% Max: 1.78 ($1