NEW UCPTD Trade Alert - UPRO - Covered Call

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	NEW TRADE ALERT
NEW TRADE ALERT
Monday, May 18, 2020
Standard Covered Call Strategy
				UPRO
Opened a Weekly Covered Call trade on
TRADE KRUM! (see details below)		DAYS	Cash on Cash %	Annualized
$2,173.96		5	4.03%	293.89%
Brief Description of WHY I did this trade and my expectations for it
Were back at it with this 1 week CCW collecting a 1.45 credit ... using the upward momentum at the market open ... man, this is crazy! Keep watching because I have a plan :) Be Safe!
Trade Breakdown with the BUY BACK Calc
COMPANY	SYMBOL	SHARES	STOCK PRICE	STRIKE
UPRO	UPRO	1500	$38.50	$38.50
PREMIUM RECV	BUY BACK PRICE	DIFFERENCE	CASH PROFIT	CoC% GAIN
$1.45	$0.00	$1.45	$2,175.00	N/A
Always look at a companies 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 preformance. I have risked my own money and am accountable for the trade results.
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