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

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	NEW TRADE ALERT
	Wednesday, May 13, 2020
					UPRO
	Covered Call Option Buy Back
ORIGINAL TRADE	TRADE KRUM! (see details below)		DAYS	Cash on Cash %	Annualized
	$1,123.96		1	1.95%	N/A
	The trade results and did it meet expectations?
	This might become a theme ... YES, I am DOWN on the stock purchase ... but understand this is the game I entered, you know my plan ... we write the call, we buy back the call, rolling for as many credits as possible ... should I write a call under my stock purchase price then I will buy back, adding to my cost basis and selling for another credit ... my theory on this is simple ... I feel I can repeat and rinse this strategy and in the end be profitable as heck ... time will tell.
	ORIGINAL TRADE BREAKDOWN
	DATE	COMPANY	SYMBOL	SHARES	STOCK WAS
	May-12	UPRO	UPRO	1500	$38.34
	STRIKE	EXPIRATION	PREMIUM RECV	CONTRACTS	CoC % ROO
	$39.00	Jun-5	$0.85	15	1.95%
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	$38.34			$1,123.96
	PREMIUM RECV	BUY BACK PRICE	REAL $ ?	DIFFERENCE / TV $	CoC% GAIN
	$0.85	$0.10	$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.
	Image credits - stockcharts.com | barchart.com | foolcdn.com | yahoo.com | earningswhispers.com
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