NEW UCPTD Trade Alert - TQQQ - Cash Secured Put

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NEW TRADE ALERT
Friday, February 28, 2020
Quick Cash - Cash Secured Put Short term Strategy
				TQQQ
Opened a Cash Secured Put using the 3x ETF TQQQ
TRADE KRUM! (see details below)		DAYS	Cash on Cash %	Annualized
$1,298.96		111	18.57%	61.07%
Brief Description of WHY I did this trade and my expectations for it
100% playing the volatility in a falling stock market ... using a directional play using the NASDAQ 3x leveraged ETF TQQQ ... this trade has (1) expectation ... the markets rebound by June and I buy this option back. We will see. Risk $9,600 to make $1,290 ... and if I think were near the bottom of this sell off ... I like my odds :)
Trade Breakdown with the BUY BACK Calc
COMPANY	SYMBOL	SHARES	STOCK PRICE	STRIKE
TQQQ	TQQQ	100	$70.00	$70.00
PREMIUM RECV	BUY BACK PRICE	DIFFERENCE	CASH PROFIT	CoC% GAIN
$13.00	$0.00	$13.00	$1,300.00	18.57%
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
Cash Secured Put - Description -The cash-secured put involves writing an at-the-money or out-of-the-money put option and simultaneously setting aside enough cash to buy the stock. The goal is to be assigned and acquire the stock below today's market price. Whether or not the put is assigned, all outcomes are presumably acceptable. The premium income will help the net results in any event. The investor is bullish on the underlying stock and hopes for a temporary downturn in its price. If the stock drops below the strike, the put may be assigned. That would allow the put writer to buy the stock at the strike price. The effective purchase would be even lower: strike price less the premium received. There are two principal risks. First, the stock might not only dip but plummet well below the strike price. The investor must be comfortable with the strike price as an acceptable long-term acquisition price, no matter how low the market goes. Source - https://www.optionseducation.org/strategies/all-strategies/cash-secured-put
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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