NEW UCPTD Trade Alert - UPRO - CCW Trade Expired Worthless

All rights reserved - Core Position Trading, LLC - 2020
	NEW TRADE ALERT
Covered Call Trade Expired Worthless (shares not taken)
DISCLAIMER: This trade is based on this date. I'm not suggesting a move up or down. I'm showing my trade that I have already done. I'm not recommending this stock as a purchase/trade. Think of it like this, I'm 'Showing you the World thru my Eyes'.
Update - a Covered Call position was closed on
UPRO
TIME AND DATE STAMP | .		Thursday, June 25, 2020
My brief explanation why I ended this trade early
UPRO traded WAY BELOW my $46.50 strike and by week's end I had ZERO reason to buy back the option ... I elected to just let it expire worthless ... watching the trade throughout the week was exciting but once I decided to let it go, didn't look at it again until this morning when I SOLD the Jul-02 CC, $44.50 strike for 0.45 ... another Krum that stacks more and more on the table as this trade plays out. Managing the trade becomes important as I DO NOT want my shares taken UNDER my $46.70 stock purchase price. :)
The Headline Krum! (ACTUAL)
TRADE KRUM!	DAYS	Cash on Cash %	Annualized
$998.96	4	2.22%	N/A
Max Profit Projections for this trade (EXPECTATION)
COMPANY	SYMBOL	SHARES	PRICE	TOTAL COST
UPRO	UPRO	1000	$40.80	$48,865.00
EXPIRATION DATE	DAYS	STRIKE	OPTION	CoC % GAIN
Jun-26	4	$46.50	$1.00	2.22%
DIVIDEND	DIVIDEND GAIN	OPTION GAIN	STOCK GAIN	TOTAL KRUM
N/A	N/A	$1,000.00	N/A	$1,000.00
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 performance. I have risked my own money and am accountable for the trade results.
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