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| NEW TRADE ALERT |  | |||
| Friday, December 20, 2019 | ||||
| Covered Call went to expiration - shares were taken | ||||
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| Closed a Covered Call position with NVIDIA Corp (NVDA) this week | ||||
| Brief Description of WHY I did this trade and my expectations for it | ||||
| NICE MAX profit trade with NVDA... which continues to go higher and higher since I started buying and trading it at $154 ... has all the momentum in the chip sector, could re-test $250 before Wall Street starts taking profits ... will be keeping some cash on the sidelines to play this one again. NOTE that the calculations before are PREMUIM only ... ADD another $905 in share apprecation and this was a NICE $1,300+ 1 month trade | ||||
| Trade Breakdown with the BUY BACK Calc | ||||
| COMPANY | SYMBOL | SHARES | STOCK PRICE | STRIKE |
| NVIDIA Corp | NVDA | 100 | $210.95 | $220.00 |
| PREMIUM RECV | BUY BACK PRICE | DIFFERENCE | CASH PROFIT | CoC% GAIN |
| $4.40 | $0.00 | $4.40 | $440.00 | 2.10% |
ways look at a companies chart ... it tells a story and that story could be UP or DOWN
| Education Corner | ||||
| Great Covered Call video posted at | ||||
| Covered Call - Description - A covered call is a financial market transaction in which the seller of call options owns the corresponding amount of the underlying instrument, such as shares of a stock or other securities. ... writing (i.e. selling) a call generates income in the form of the premium paid by the option buyer. Source - https://en.wikipedia.org/wiki/Covered_call | ||||
| Disclaimer - Yes - at the time of this posting I do have a position in this equity. By posting this I am by no means recommending this equity and am not front running for its preformance. I have risked my own money and am accountable for the trade results. | ||||
| Image credits - stockcharts.com | barchart.com | foolcdn.com | yahoo.com | earningswhispers.com | and me :) | ||||
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