NEW UCPTD Trade Alert - UPRO - Covered Call Buy Back

All rights reserved - Core Position Trading, LLC - 2020
	NEW TRADE ALERT
Covered Call Trade opened using a Standard Covered Call Strategy
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'.
NEW Covered Call position was opened on
UPRO
TIME AND DATE STAMP | .		Tuesday, June 9, 2020
Brief Description of WHY I did this trade and my expectations for it
MARKETS FALLING HARD! What seemed like a slam dunk turns out to be a nightmare ... but this too will pass ... SELLING THE NEWS ... its what Wall Street does ... so I placed a buy back for 0.10 not really thinking it would take ... it did as the bottom has fallen off ... so I sit here with 1,000 shares, probably look to sell something tomorrow for next Friday ... yes, it'll be under my stock purchase but we'll buy back and repeat ... its what we do! Bad another $1,300 bucks ... love this trade!
Trade Breakdown with the BUY BACK Calc
COMPANY	SYMBOL	SHARES	STOCK PRICE	STRIKE
UPRO	UPRO	1000	$47.00	$47.00
PREMIUM RECV	BUY BACK PRICE	DIFFERENCE	CASH PROFIT	CoC% GAIN
$1.40	$0.10	$1.30	$1,300.00	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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