Opening (IRA): XBI March 21st 86 Covered Call

... for an 84.20 debit.

Comments: Adding to my position at strikes better than what I currently have on, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.

Metrics:

Buying Power Effect/Break Even: 84.20
Max Profit: 1.80
ROC at Max: 2.14%
50% Max: .90
ROC at 50% Max: 1.07%

Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes better than what I currently have on, and/or roll out the short call if my take profit isn't hit.