This is a catch-up post as I did not have the capacity to document my trade on 15/Feb.
Seeing #X (#UnitedStatesSteel) creeping up to $30 I decided that it was time to sell Mar $32 call option.
The stats
Trade Type: Short Call
Strike: $32
Expiry: 17 Mar
Delta: -33
IV Rank: 2.7
Premium: $0.79
Cap Req: $385
Annualised Prof at Expiration: 250%
IMPORTANT: Studying previous trades provide the opportunity to everyone to learn a great deal so I encourage you to click on the links below and digest the info.
Closed:
None.
Rolled:
https://www.tycoonitos.com/community/market-comments/market-comments-20220421
https://www.tycoonitos.com/community/market-comments/daily-trades-20230209
https://www.tycoonitos.com/community/market-comments/daily-trades-20230210
Let me know what you think.