| All rights reserved - Core Position Trading, LLC - 2020 | ||||
 | NEW TRADE ALERT | |||
| Standard Cash Secured Put 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, December 18, 2020 | |||
| The trade idea and what is the expectation | ||||
| Using a short Cash Secured Put for my Weekly $1,000 challenge - Week 6 ... With the stock higher my current shares will be taken ($52 strike) so for this week's play I went with an ATM $55 strike for $1.80 ... actually the stock was trading at $55.19 ... so NTM ... will take this and see how it plays out | ||||
| Trade Breakdown IF my shares are taken | ||||
| COMPANY | SYMBOL | SHARES | STOCK PRICE | STRIKE |
| DraftKings | DKNG | 1000 | $55.00 | $55.00 |
| PREMIUM RECV | PREM PROFIT | SHARE GAIN | CASH PROFIT | CoC% GAIN |
| $1.80 | $1,800.00 | $0.00 | $1,800.00 | N/A |
| Always look at a companies chart ... it tells a story and that story could be UP or DOWN | ||||
| 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 - 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 preformance. I have risked my own money and am accountable for the trade results. | ||||
| Remember, the content of this site is for informational and educational purposes only. If you invest using information contained here, do so at your own risk. Please read the full disclaimer posted below and visit cptdashboard.com for my privacy policy. | ||||
| Image credits - stockcharts.com | barchart.com | foolcdn.com | yahoo.com | earningswhispers.com | ||||
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