NEW UCPTD Trade Alert - SIMO - SOLD Stock @ Loss

 

All rights reserved - Core Position Trading, LLC - 2020
	NEW TRADE ALERT
SOLD Shares for this company at a LOSS
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'.
SOLD Shares for this company at a LOSS
SIMO
TIME AND DATE STAMP | .		September 21, 2020
My brief explanation why I ended this trade early
WHAT WAS GOOD THEN- SIMO has been an under performer for me and I've just decided Im going to take this loss and put this money to use elsewhere ... since doing the CSP back in June I haven't really played it ... so for me, I'm looking for some losses to offset some gains for 2020 ... let's move this dead money out NOW so maybe I can play a possible buyback rally that might come over the next couple days or week. Can't win them all and 2020 is proving that.
Stock Loss details
Bought	Sold	Loss	Total $ Loss
$45.00	$37.95	-15.67%	-$2,115.00
Any other Covered Calls while holding this position?
Date	Prem + Div	Shares	Krums Collected
Jun-29	$2.60	200	$518.96
Jun-29	$2.60	100	$258.96
			$777.92
Total Loss on this trade (+Premium Dividends - Stock Loss)
Stock loss	Premiums+Divs	Total loss	CashonCash Loss
-$2,115.00	$777.92	-$1,337.08	-9.90%
No dividend collection with WYNN these days
What did I post back then? Check them out
Click the link below for the CPT Trade Blog and then 'Search' the ticker sym for the stock. Be sure to then select 'Show all posts'
https://cptdashboardtradeblog.blogspot.com/search?q=SIMO
The Chart tells a story ... what's this chart telling you?
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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