| 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 |  | |||
Workhorse Group | ||||
| TIME AND DATE STAMP | . | Wednesday, Nov 18, 2020 | |||
| The Headline Premium Krum! for LAST trade | ||||
| PREMIUM | DAYS | Cash on Cash % | Annualized | |
| $1,178.96 | 23 | 8.00% | N/A | |
| Closed this WKHS trade early ... if you remember, this was an ITM $16 CCW when the stock was trading at ~$18.50 and I was paid a $4 premium ... WKHS has rallied and when I ran the numbers for what the current option cost to buy back and where the stock was trading ... it was even money ... so I make max profit and I do not have to wait until the expire date of Nov-27 ... maybe putting this fresh cash back to work soon. So > bought these shares @ $18.66 > Sold the $16 ITM got $4 ... bought the option back for $6.80 and sold the shares for $22.80 ... when it all washes out, this is the difference. | ||||
| 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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