NEW UCPTD Trade Alert - UPRO - Covered Call (Weekly)

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	NEW TRADE ALERT
NEW TRADE ALERT
Friday, May 22, 2020
Standard Covered Call Strategy
				UPRO
Opened a Weekly Covered Call trade on
TRADE KRUM! (see details below)		DAYS	Cash on Cash %	Annualized
$998.96		4	2.56%	233.73%
Brief Description of WHY I did this trade and my expectations for it
Week 3 - with last weeks shares being taken I had to purchase a fresh new batch of shares for this week ... I did that, picking up UPRO @ $39.00 and waiting and waiting and waiting for the $40 strike for $1.00 ... I got it so now with next week being just 4 days ... this should be fun.
Trade Breakdown with the BUY BACK Calc
COMPANY	SYMBOL	SHARES	STOCK PRICE	STRIKE
UPRO	UPRO	1000	$40.00	$40.00
PREMIUM RECV	BUY BACK PRICE	DIFFERENCE	CASH PROFIT	CoC% GAIN
$1.00	$0.00	$1.00	$1,000.00	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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