Tuesday, April 28, 2020

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


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NEW TRADE ALERT
Tuesday, April 28, 2020
Cash Secured Put Option Buy Back
Closed a position with ROKU (ROKU) this week
ORIGINAL TRADE
TRADE KRUM! (see details below)DAYSCash on Cash %Annualized
$388.961
The trade results and did it meet expectations?
ROKU peeling off ... figured I'd take this $388 off the board ... will hold and if ROKU picks up again will do another ... don't mind holding it right now.
ORIGINAL TRADE BREAKDOWN
DATECOMPANYSYMBOLSHARESSTOCK WAS
Apr-27ROKUROKU100$129.44
STRIKEEXPIRATIONPREMIUM RECVCONTRACTSCoC % ROO
$135.00May-22$9.751
BUY BACK
WHY DID I BUY THIS OPTION BACK?
read above on this one
RESULTS FROM THE OPTION BUY BACK
SYMBOLWHEN STOCK WAS TRADING @ ~CASH PROFIT
ROKU$129.44$388.96
PREMIUM RECVBUY BACK PRICEREAL $ ?DIFFERENCE / TV $CoC% GAIN
$9.75$5.85$0.00N/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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