NEW UCPTD Trade Alert - PINS - Wheel - Early CCW BB (Profit!)

All rights reserved - Core Position Trading, LLC - 2020
	NEW TRADE ALERT
Covered Call position was closed
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
Pinterest Inc.
TIME AND DATE STAMP | .		Thursday, September 24, 2020
The Headline Premium Krum! for LAST trade
PREMIUM	DAYS	Cash on Cash %	Annualized
$1,568.96	30	4.60%	56.00%
Closed this PINS trade 1 day early to get the cash ... I decided to buy back my PINS covered call 1 day early because I wanted to have the cash to buy another stock because I already have another plan for that money and with the markets fluctuating this trade may actually dip under my $36 strike not that I wouldn't mind holding PINS and Writing another Covered Call but my next idea could be/seems to be even more profitable if I can get it ... details to come ... in this case I did the classic buy back the option then sold the shares and I believe I paid back about $0.02 of my original premium ... man, another WIN for 2020 - the breakdown goes like this - +$1,568 Prem with my last trade (one I just closed) + $838 Prem on a CCW that I bought back and the +$1,418.96 on the Original CSP that started this Wheel ... which equals +10% Cash on Cash % gain for this $36,000 invested - 45 total days!
The Stock Appreciation
STOCK GAIN	DAYS	Bought back option, sold the shares ... read the write above for the exact details
$0.00	41

Stock Appreciation for this trade
STOCK PRICE	DATE	SHARES	INVESTED	APPRECIATION
$36.00	Aug-14	1000	$36,000.00	$0.00
Any other Covered Calls while holding this position?
DATE	PREMIUM	SHARES	KRUMS COLLECTED
Aug-17	$1.70	1000	$838.96
Aug-10	$1.42	1000	$1,418.96

$2,257.92

Always like looking at the charts
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 - No - at the time of this posting I did not own the shares of this equity. and it probably means I've done a Cash Secured Put ... for which if this trade goes against me I *will* own these shares ... I risk my own money on this trade and am accountable for the trade results.
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