NEW UCPTD Trade Alert - JPM - CCW Trade Buy Back (close out trade)

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
JP Morgan Chase
TIME AND DATE STAMP | .		Tuesday, Nov 10, 2020
The Headline Premium Krum! for LAST trade
PREMIUM	DAYS	Cash on Cash %	Annualized
$953.96	26	1.88%	26.44%
Closed this JPM trade 3/4 day early to get the cash ... I decided to buy back my JPM covered call 3/4 days early because I wanted to have the cash to buy another stock (focusing in on Zillow ZG) because I already have another plan for that money ... JPM has rocketed past my $106 strike around $116 so keeping this trade going would cost me some $10 in cost basis ... so were just going to leave this trade here and focus on something that is really interesting me right now and that is Zillow ... keep an eye out, that is coming :) Thank you JPM for such an AWESOME trade!
The Stock Apprecation
STOCK GAIN	DAYS	Bought back option, sold the shares ... read the write above for the exact details
$5,950.00	139

 

Stock Appreciation for this trade
STOCK PRICE	DATE	SHARES	INVESTED	APPRECIATION
$95.00	Jun-24	500	$47,500.00	$5,500.00
Any other Covered Calls while holding this position?
DATE	PREMIUM	SHARES	KRUMS COLLECTED
Oct-15	$2.01	500	$953.96
Sep-25	$1.32	500	$1,038.96
Aug-24	$1.17	500	$523.96
Aug-5	$2.89	500	$718.96
Jul-23	$1.42	500	$363.96
Jul-6	$1.90	500	$638.96
Jun-25	$0.97	500	$408.96
May-26	$3.46	300	$646.96
Apr-27	$2.60	300	$538.96
			$5,833.64
How much Total Money did you make on this Trade?
STOCK MOVE	TOTAL PREMIUMS	DIVIDENDS	TOTAL PROFIT
$5,500.00	$5,833.64	$900.00	$12,233.64
CASH ON CASH PERCENTAGE GAIN FOR ENTIRE TRADE
DURATION	CASH ON CASH % GAIN		ANNUALIZED
139	25.76%		67.63%
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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