... for a 4.00 credit.
Comments: Selling the 16, buying the 13 in the expiry nearest 45 days until expiry to emulate dollar cost averaging into the market with more room to be wrong than buying shares at-the-money. Generally, take profit at 50% max, loss at two times credit received. 8.0% return on capital at max/71.2% annualized; 4.0% ROC at 50% max/35.6% annualized.
Comments: Selling the 16, buying the 13 in the expiry nearest 45 days until expiry to emulate dollar cost averaging into the market with more room to be wrong than buying shares at-the-money. Generally, take profit at 50% max, loss at two times credit received. 8.0% return on capital at max/71.2% annualized; 4.0% ROC at 50% max/35.6% annualized.
