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

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NEW TRADE ALERT
Wednesday, May 6, 2020
Standard Covered Call Strategy
Closed a position with Travelers Co. (TRV) this week
TRADE KRUM! (see details below)		DAYS	Cash on Cash %	Annualized
$1,153.96		42	4.18%	N/A
The trade results and did it meet expectations?
Travelers (TRV) has peeled off such that it will not end this week over my strike of $105 ... so with a mere 0.15 left in the option, I bought it back and now will either SELL the shares or do another CCW. For now, I just closed the CCW ... what I do with my shares is TBD :)
ORIGINAL TRADE BREAKDOWN
DATE	COMPANY	SYMBOL	SHARES	STOCK WAS
Mar-25	Travelers Co.	TRV	300	$92.00
STRIKE	EXPIRATION	PREMIUM RECV	CONTRACTS	CoC % ROO
$105.00	May-15	$4.00	3	4.18%
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
TRV	$92.00			$1,153.96
PREMIUM RECV	BUY BACK PRICE	REAL $ ?	DIFFERENCE / TV $	CoC% GAIN
$4.00	$0.15	$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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