... for a 1.54 credit.
Comments: Adding a short put component to my TQQQ covered call (See Post Below) here on weakness.
Metrics:
Break Even/Buying Power Effect/Resulting Cost Basis In Stock: 50.46
Max Profit: 1.53/$153
ROC at Max: 3.03%
ROC at 50% Max: 1.52%
Will generally look to take profit on the covered call component at 50% max and the short put component at 50% max.