Opening (IRA): SPY Dec 20th 505 Covered Call

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... for a 501.71 debit.

Comments: Re-upping at a higher strike than the one I just took off, looking to capture an additional little increment of upmove that I missed out on.

If you wanted to be really anal about it, you could capture all of the up move over time (or capture the same increment more than once).

For example, say I just took off the November 15th 500 covered call at or near max (e.g., 499.80). I can then shop for a monied covered call to capture the next increment of movement from 499.80 up, so I'd want to get into a setup for 499.80 or less.

This would be the Jan 31st 506 covered call, currently trading for 499.72 and would ostensibly capture the move from 499.72 to 506 (assuming, naturally, a finish above 506).

In the next iteration, I would look to capture the move from 506 up, and so on, all the way until my short call was at-the-money or out-of-the-money, depending on what I was trying to do with the setup.
Trade geschlossen: Ziel wurde erreicht
Hit 50% max today, closing for a 503.36 credit. 1.65 ($165) profit.
Beyond Technical AnalysismoniedcoveredcalloptionsstrategiesSPDR S&P 500 ETF (SPY)

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