NEW UCPTD Trade Alert - TQQQ - Cash Secured Put

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NEW TRADE ALERT
Monday, March 9, 2020
Standard Cash Secured Put Strategy
				TQQQ
Opened a Cash Secured Put: TQQQ - TQQQ
TRADE KRUM! (see details below)		DAYS	Cash on Cash %	Annualized
$4,498.96		312	27.27%	31.91%
Brief Description of WHY I did this trade and my expectations for it
PLAYING THE VOLITILITY - JAN 15TH 2020 EXPIRE -Lets PARK some more money ... I did this with TQQQ last year, around June ... at the time I got $9.50 for a $58 ATM CSP .... basically holding it the rest of the year collecting that CashonCash gain with little sweat as I did this at the bottom of the 2019 mid year correction .... so, fast forward to now, I dont know where these makrets go but I have cash on hand and for me, its simple, lets NOT catch a falling knife, lets GET PAID for setting our money to the side and if this too passes ... then this 27% Cash-on-Cash ... well, just good business. With the TQQQ trading at $65ish ... I have $15 in downside protection or if assigned, Im buying the TQQQ at $40? The markets will be HELLA sold off by then and to be honest, if were that low come Jan2020 were ALL in more trouble then we think ... half cup FULL attitude, this sell off continues, but will rebound and I buy this back cheaper ... crossing fingers.
Trade Breakdown with the BUY BACK Calc
COMPANY	SYMBOL	SHARES	STOCK PRICE	STRIKE
TQQQ	TQQQ	300	$55.00	$55.00
PREMIUM RECV	BUY BACK PRICE	DIFFERENCE	CASH PROFIT	CoC% GAIN
$15.00	$0.00	$15.00	$4,500.00	27.27%
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.
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