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

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	NEW TRADE ALERT
	Thursday, April 23, 2020
	Cash Secured Put Option Buy Back
					3x ETF
	Closed a position with UPRO (UPRO) this week
ORIGINAL TRADE	TRADE KRUM! (see details below)		DAYS	Cash on Cash %	Annualized
	$816.96		28	15.04%
	ADD $168 IN STOCK MOVEMENT TO $28
	The trade results and did it meet expectations?
	TOMORROW this option expires IN THE MONEY and my shares would have been taken ... I decided to BUY BACK this CCW, paying about 0.07 of my original premium of $4.16 to close out the trade, I then SOLD the shares at a profit > when UPRO was trading at $33.93 I bought back the option for $6.00 ... about 0.07 of TV ... then jumped right over and sold UPRO at market for $34.03 ... now I have that money freed up to do something else tomorrow ... otherwise I'd be waiting until Monday morning.
	ORIGINAL TRADE BREAKDOWN
	DATE	COMPANY	SYMBOL	SHARES	STOCK WAS
	Mar-27	UPRO	UPRO	200	$27.16
	STRIKE	EXPIRATION	PREMIUM RECV	CONTRACTS	CoC % ROO
	$28.00	Apr-24	$4.16	2	15.04%
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
	UPRO	$27.16			$816.96
	PREMIUM RECV	BUY BACK PRICE	REAL $ ?	DIFFERENCE / TV $	CoC% GAIN
	$4.16	$0.07	$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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