NEW UCPTD Trade Alert - Option Buy Back - TQQQ - Cash Secured Put

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	NEW TRADE ALERT
	Tuesday, March 3, 2020
	Quick Cash - Cash Secured Put Short term Strategy
					3x ETF
	Closed a Covered Call position with TQQQ (TQQQ) this week
ORIGINAL TRADE	TRADE KRUM! (see details below)		DAYS	Cash on Cash %	Annualized
	$528.96		4	7.57%	690.89%
	The trade results and did it meet expectations?
	FINAL RESULT = Profit ... REMEMBER > I had (2) TQQQ CSP's ... this being the $70 one, the $96 is still live >>> this trade was all about me playing the short term volatility in the markets and with a goal of buying back this option at or under $8 ... with it dancing around that $7.70 number I took it. Releasing the cash for a possible CCW or CSP at a different strike. Its a short term $528 profit, we pocket it and move on ... now I thinking I might buy some shares and do a 30 day CCW ... sitting back right now knowing I've taken this risk off the board ... I'm action, we will see.
	ORIGINAL TRADE BREAKDOWN
	DATE	COMPANY	SYMBOL	SHARES	STOCK WAS
	Feb-28	TQQQ	TQQQ	100	$70.00
	STRIKE	EXPIRATION	PREMIUM RECV	CONTRACTS	CoC % ROO
	$70.00	Jun-19	$13.00	1	7.57%
BUY BACK	WHY DID I BUY THIS OPTION BACK?
	read above on this one
	RESULTS FROM THE OPTION BUY BACK
	SYMBOL	WHEN STOCK WAS TRADING @			CASH PROFIT
	TQQQ	~$71			$528.96
	PREMIUM RECV	BUY BACK PRICE	REAL $ ?	DIFFERENCE / TV $	CoC% GAIN
	$13.00	$7.70	$0.00	$3.02	7.57%
	Always look at a company's 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 performance. I have risked my own money and am accountable for the trade results.
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