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

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	NEW TRADE ALERT
	Thursday, April 2, 2020
	Cash Secured Put Option Buy Back
	Closed a position with Facebook (FB) this week
ORIGINAL TRADE	TRADE KRUM! (see details below)		DAYS	Cash on Cash %	Annualized
	$398.96		7	1.23%
	The trade results and did it meet expectations?
	WEEKLY OPTIONS Warriors ... well, I bought back this option for 1 reason ... with the markets moving higher today and FB not moving much ... at 0.40 cents I took this off the board to write another Covered Call on it TODAY! ... I'm looking at both a weekly and or a typical 30 days ... Earnings is ~Apr-29 so I either dance with the ER devil and do a May-1 or cut is early and do a Apr-24 option expire ... TBD today if time permits ... that's the plan... I gave up 0.70 for the Protective Put which turns out wasn't much protection ... and gave back 0.40 cents for this buy back ... the numbers do in fact reflect that. Credit +3.10 Debt -1.10
	ORIGINAL TRADE BREAKDOWN
	DATE	COMPANY	SYMBOL	SHARES	STOCK WAS
	Mar-26	Facebook	FB	200	$162.00
	STRIKE	EXPIRATION	PREMIUM RECV	CONTRACTS	CoC % ROO
	$167.50	Apr-3	$3.10	2	1.23%
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
	FB	$162.00			$398.96
	PREMIUM RECV	BUY BACK PRICE	REAL $ ?	DIFFERENCE / TV $	CoC% GAIN
	$3.10	$1.10	$0.00		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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