NEW UCPTD Trade Alert - UPRO - Trade Expired (Shares taken)

All rights reserved - Core Position Trading, LLC - 2020
	NEW TRADE ALERT
Covered Call went to expiration - shares were 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'.
Covered Call position was closed on
UPRO
TIME AND DATE STAMP | .		Friday, July 31, 2020
Brief Description of WHY I did this trade and my expectations for it
UPRO ITM Covered Call ... went to expiration, share taken, we pocket the $1,200 even though this was a DEEP ITM 1 week CCW ... I guessed it right, UPRO did in fact sell off and the ITM CCW was played perfectly ... shares taken, premium made, we move on!
Trade Breakdown with the BUY BACK Calc
COMPANY	SYMBOL	SHARES	STOCK PRICE	STRIKE
UPRO	UPRO	1000	$52.40	$50.50
PREMIUM RECV	BUY BACK PRICE	DIFFERENCE	CASH PROFIT	CoC% GAIN
$3.10	$0.00	$3.10	$1,204.00	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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