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

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	NEW TRADE ALERT
	Thursday, May 7, 2020
	Standard Covered Call Strategy
	Closed a position with JP Morgan Chase (JPM) this week
ORIGINAL TRADE	TRADE KRUM! (see details below)		DAYS	Cash on Cash %	Annualized
	$538.96		10	1.90%	N/A
	The trade results and did it meet expectations?
	JP MORGAN (JPM) has fallen off (about -$3) from where I purchased it some 10 days ago and with the CC option now being UNDER 50% I figured let's buy back the option, pocket the difference and wait and see ... should we get a move higher I can DOUBLE DIP this play with another 30 trade ... this $538 KRUM adds to the annual numbers ... we move on!
	ORIGINAL TRADE BREAKDOWN
	DATE	COMPANY	SYMBOL	SHARES	STOCK WAS
	Apr-27	JP Morgan Chase	JPM	300	$94.77
	STRIKE	EXPIRATION	PREMIUM RECV	CONTRACTS	CoC % ROO
	$100.00	May-29	$2.60	3	1.90%
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
	JPM	$94.77			$538.96
	PREMIUM RECV	BUY BACK PRICE	REAL $ ?	DIFFERENCE / TV $	CoC% GAIN
	$2.60	$0.80	$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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