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

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	NEW TRADE ALERT
	Wednesday, March 11, 2020
	Covered Call Option Buy Back
	Closed a Covered Call position with Southern Co. (SO) this week
ORIGINAL TRADE	TRADE KRUM! (see details below)		DAYS	Cash on Cash %	Annualized
	$648.96		55	0.98%	N/A
	The trade results and did it meet expectations?
	WHY WHY WHY?!?! would you 1) do a Covered Call for Aug 2020 THEN buy back the option for basically what you sold it for? What's the point? ... here's the deal ... things have changed with me and this Southern Co trade ... I've noticed a couple things happening with this current sell off ... SO has FALLEN from $68 to $58, then rallied to $68 again ... now its back at $57/58 ... and with the collection of the dividend and basically buying back the CCW at cost ... I figure I will take this off the board and wait for the markets to return to value plays in the market ... which I feel will be the great utility stocks (like SO) ... I will then write another CC on it and we will see. Nothing more, nothing less.
	ORIGINAL TRADE BREAKDOWN
	DATE	COMPANY	SYMBOL	SHARES	STOCK WAS
	Jan-16	Southern Co.	SO	1000	$65.99
	STRIKE	EXPIRATION	PREMIUM RECV	CONTRACTS	CoC % ROO
	$67.50	Aug-21	$1.95	10	N/A
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
	SO	$65.99			$648.96
	PREMIUM RECV	BUY BACK PRICE	REAL $ ?	DIFFERENCE / TV $	CoC% GAIN
	$1.95	$1.90	$0.00	$3.02	N/A
	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
	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 performance. I have risked my own money and am accountable for the trade results.
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