NEW UCPTD Trade Alert - Option Buy Back - ROKU - Covered Call

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NEW TRADE ALERT
Tuesday, December 31, 2019
Covered Call Option Buy Back
Closed a Covered Call position with ROKU Inc. (ROKU) this week
Brief Description of WHY I did this trade and my expectations for it
I closed this trade literally 4 days after putting it on ... the stock had fallen from $141 to $134x ... the option I got $10.65 had fallen by 1/2 ... and on this day I noticed ROKU was trading Up... so thinking that after the new year, ROKU might trade back to $141 ... I decided to buy this option back with the plan to let the stock move higher then write another covered call trying to collect another credit.
Trade Breakdown with the BUY BACK Calc
COMPANY	SYMBOL	SHARES	STOCK PRICE	STRIKE
ROKU Inc.	ROKU	100	$143.25	$141.00
PREMIUM RECV	BUY BACK PRICE	DIFFERENCE	CASH PROFIT	CoC% GAIN
$10.65	$5.80	$4.85	$485.00	3.44%
Always 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.
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