| All rights reserved - Core Position Trading, LLC - 2020 | ||||
 | NEW TRADE ALERT | |||
| Covered Call Weekly Short Term 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 Covered Call position was opened on |  | |||
Draft Kings | ||||
| TIME AND DATE STAMP | . | Tuesday, December 8, 2020 | |||
| The trade idea and what is the expectation | ||||
| FEELING STRESSED ... but making a good decision ... With DKNG falling to $46.37 and my share purchase price being $51 ... finding anything remotely near the $51 strike for 1.00 is out of the question ... so we dance with the devil for ~3 1/2 days as I wrote the Dec-11 $48 strike and got 0.70 or $700 ... gonna have to make this up later as I need to average $1,000 a week for my challenge ... we will see. | ||||
| Trade Breakdown IF my shares are taken | ||||
| COMPANY | SYMBOL | SHARES | STOCK PRICE | STRIKE |
| DraftKings | DKNG | 1000 | $46.37 | $48.00 |
| PREMIUM RECV | PREM PROFIT | SHARE GAIN | CASH PROFIT | CoC% GAIN |
| $0.70 | $700.00 | $1,630.00 | $2,330.00 | 5.02% |
| 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. | ||||
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