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| DISCLAIMER: These trades I have already done. I'm not recommending these stocks as a purchase/trade. Think of it like this, I'm 'Showing you the World thru my Eyes'. | ||||
| MONTHLY TRADE RECAP |  | |||
| UCPTD Monthly Trade Recap - August 2020 | ||||
| Using Covered Calls and Cash Secured Puts ONLY! | ||||
| What constitutes a profit? Covered Call and Cash Secured Put premium and if I purchased a stock or ETF to use exclusively for the selling premium strategy and I sell the stock during the same timeframe for a profit and or if my shares are taken away from me at a profit. Simple as that - now let's break it down! | ||||
| TRADES | PROFITS | WINNERS | LOSERS | |
| 12 | $7,146.64 | 11 | 1 | |
| My summary of the Month, Expectations and Results | ||||
| August 2020 *does not* break prior August records ... but beats my monthly goal of $2,500 a month ... 2020 has been a great year for selling premium as the volatility has been high and the markets have had its V shaped recovery from March 2020 ... we book another winning month and if we were in retirement I would have a couple months in the bag if I found myself with a couple dry months. | ||||
| The Monthly Krums! | ||||
| Legend | Stock Sell | CC Premium | CSP Premium | |
| COMPANY | SYMBOL | % GAIN | DAYS | $$$ |
| ROKU Inc. | ROKU | 5.18% | 28 | $768.96 |
| ROKU Inc. | ROKU | 6.81% | 247 | $976.00 |
| Bristol-Myers | BMY | 0.78% | 31 | $468.96 |
| Starbucks | SBUX | 1.72% | 2 | $522.96 |
| Starbucks | SBUX | -1.08% | 2 | -$328.00 |
| Pinterest Inc. | PINS | N/A | 4 | $1,418.96 |
| Gilead Sciences | GILD | -10.99% | 69 | -$2,556.00 |
| SIMO | SIMO | N/A | 50 | $258.96 |
| TQQQ | TQQQ | N/A | 162 | $3,538.96 |
| JP Morgan Chase | JPM | 1.47% | 16 | $718.96 |
| SIMO | SIMO | N/A | 53 | $518.96 |
| Pinterest Inc. | PINS | 2.41% | 7 | $838.96 |
| These trades are 100% closed - I may still own the shares | $7,146.64 | |||
| My thoughts on the Monthly Krums! (above) | ||||
| Over and over again I'm proving to myself this really can be done as a retirement 'part time' job ... God willing I have my health, my portfolio and a laptop ... for me anyway, its real financial freedom knowing I can do this and be able to provide for my family when in retirement. | ||||
| Expectation vs Actual | ||||
| What am I seeing here? Did you lose this money? No, this is the money I expected to make when I place the trade. If the Actual money made is less than the Expectation then I bought back the option not making MAX profit as attended. | ||||
| SYMBOL | TYPE | EXPECTATION | ACTUAL | |
| ROKU | CCW | $1,841.00 | $768.96 | |
| ROKU | STOCK TAKEN | $976.00 | ||
| BMY | CCW | $5,050.00 | $468.96 | |
| SBUX | CCW | $196.00 | $522.96 | |
| SBUX | STOCK TAKEN | -$328.00 | ||
| PINS | CSP | $1,418.96 | ||
| https://cptdashboardtradeblog.blogspot.com/2020/08/new-ucptd-trade-alert-pins-csp-trade.html | ||||
| GILD | SOLD STOCK | -$2,556.00 | ||
| SIMO | CSP | $258.96 | ||
| TQQQ | CSP | $3,538.96 | ||
| JPM | CCW | $2,100.00 | $718.96 | |
| SIMO | CSP | $518.96 | ||
| PINS | CCW | $2,900.00 | $408.96 | |
| https://cptdashboardtradeblog.blogspot.com/2020/08/new-ucptd-trade-alert-pins-covered-call_24.html | ||||
| My thoughts on the real results (above) | ||||
| The month highlighted a new strategy focus called The Wheel and it's really got me excited to keep in the game and try to succeed on every trade ... also the month saw a nasty hit with GILD ... a trade that started out good but turned sour ... I pulled the ripcord and moved on ... the SBUX 2 day trade didn't produce the expected results I want but gave me some experience for more super short plays using Ex-Dates. | ||||
| Comparing over the years | ||||
| These totals represent what I've made during this month of the year since I started selling premium | ||||
| 2020 | 2019 | 2018 | 2017 | 2016 |
| $7,146.64 | $3,580.18 | $10,130 | $3,066.00 | NO DATA |
| Final thoughts on this month as compared to the past (above) | ||||
| With having a goal of $2,500 a month ... August seems to produce some good selling premium opportunities and its proved that again ... 2018 was crazy with a $10,000+ month ... will have to break out that year's Total Income Tracker and see what was happening :) $7,146 in 2020 ... yes, I think I can live off that in retirement | ||||
| THIS MONTHLY RECAP BREAKS DOWN ALL OF MY TRADES DURING THIS TIME PERIOD | ||||
| Disclaimer - Yes - at the time of this posting I do have a position in one or more of these equities. 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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| Trading stocks and options have risk. Required reading prior to placing money at risk with options is the ODD which is posted below. "The Characteristics & Risks of Standardized Options" Prior to buying or selling an option, investors must read a copy of the Characteristics & Risks of Standardized Options, also known as the options disclosure document (ODD). It explains the characteristics and risks of exchange traded options. | ||||
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