NEW UCPTD Trade Alert - V - CCW CLOSEOUT Trade (Profit)

All rights reserved - Core Position Trading, LLC - 2020
	NEW TRADE ALERT
Covered Call Trade Closed out early
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
Visa Corp
TIME AND DATE STAMP | .		Monday, Nov 30, 2020
The Headline Premium Krum! for LAST trade
PREMIUM	DAYS	Cash on Cash %	Annualized
$852.96	27	2.30%	N/A
Closed this Visa (V) trade early ... like I mentioned in this mornings Weekly KickStart email ... if I could buy back this option where it was trading for as close to real money as possible ... or not giving up much time value I would and use this money for another trade I have dialed up. I was able to do that and as a bonus by the time I sold the shares the stock was trading 0.11 cents higher so I get a little Krum on top! Good easy trade here and V is now on my watch list all the time.
The Stock Appreciation
STOCK GAIN	DAYS	Bought back option, sold the shares ... read the write above for the exact details
$1,692.00	28

How much Total Money did you make on this Trade?
STOCK MOVE	TOTAL PREMIUMS	DIVIDENDS	TOTAL PROFIT
$1,692.00	$852.96	$64.00	$2,608.96

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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NEW UCPTD Trade Alert - DKNG - Weekly Cash Secured Put

 

All rights reserved - Core Position Trading, LLC - 2020
	NEW TRADE ALERT
Cash Secured Put Trade opened using a Standard CSP 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 Cash Secured Put position was opened on
Draft Kings
TIME AND DATE STAMP | .		Friday, Nov 27, 2020
My brief explanation why I ended this trade early
WEEKLY Challenge DKNG trade ... feeling that DKNG has rallied pretty good over the first 2 weeks of this challenge ... I'm not sure we get a pullbacks in the shares ... so instead of buying another 1,000 @ $52.25 and assuming that risk ... I did this CSP for a little downside protection while still collecting the +$1,000 should DKNG in fact goes higher. If not, we will manage the trade by next Friday. We will see ( PS, my current DKNG shares are being let go as the strike was $49 ... hey, a WIN is a WIN! and we will take ANY wins in this game!)
The Headline Krum!
TRADE KRUM!	DAYS	Cash on Cash %	Annualized
$1,498.96	7	2.94%	N/A
Max Profit Projections for this trade (EXPECTATION)
COMPANY	SYMBOL	SHARES	PRICE	TOTAL COST
DraftKings	DKNG	1000	$51.00	$51,000.00
EXPIRATION DATE	DAYS	STRIKE	OPTION	CoC % GAIN
Dec-4	7	$51.00	$1.50	2.94%
DIVIDEND	DIVIDEND GAIN	OPTION GAIN	STOCK GAIN	TOTAL KRUM
N/A	N/A	$1,500.00	N/A	$1,500.00
Downside Protection should this trade Bad!
CURRENT SHARE $	PREMIUM	STRIKE	PRICE	WOULD FALL
$285.00	$1.50	$51.00	$49.50	-$235.50
			BREAKEVEN
Education Corner
Great Cash Secured Put video posted at www.optionseducation.org
Cash Secured Put - Description -The cash-secured put involves writing an at-the-money or out-of-the-money put option and simultaneously setting aside enough cash to buy the stock. The goal is to be assigned and acquire the stock below today's market price. Whether or not the put is assigned, all outcomes are presumably acceptable. The premium income will help the net results in any event. The investor is bullish on the underlying stock and hopes for a temporary downturn in its price. If the stock drops below the strike, the put may be assigned. That would allow the put writer to buy the stock at the strike price. The effective purchase would be even lower: strike price less the premium received. There are two principal risks. First, the stock might not only dip but plummet well below the strike price. The investor must be comfortable with the strike price as an acceptable long-term acquisition price, no matter how low the market goes. Source - https://www.optionseducation.org/strategies/all-strategies/cash-secured-put
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 performance. I have risked my own money and am accountable for the trade results.
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© 2020 Core Position Trading, LLC and the CPT Dashboard - All Rights Reserved				Disclaimer