| All rights reserved - Core Position Trading, LLC - 2021 | ||||
 | NEW CCW BUYBACK | |||
| Covered Call Option BuyBack | ||||
| Covered Call position was closed on | ||||
| TIME AND DATE STAMP | Thursday, March 4, 2021 | |||
Intel Corp |  | |||
| 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'. | ||||
| My brief explanation for this trade and how it closed | ||||
| MINDSET WHEN OPENED - Below I explain why I did this trade | ||||
| CCW - Using the $63.5 strike to basically be so far OTM thinking no way they will take my shares but being able to collect a CCW Premium that is about that of the INTC dividend ... so the goal is to hold the shares thru the Ex-Date and collect a CCW Premium, I call it doubling my dividend using CCW. | ||||
| WHEN TRADE CLOSES - I explain my thoughts on how this closed out. | ||||
| Trade is CLOSED - Just in the mood to buy this back and will pay the $15 to do so ... I will not look to SELL another 0.30 DELTA strike, probably 30 days out as I think INTC wont move that high anytime soon. | ||||
| The Headline Krum! (ACTUAL RESULT) | ||||
| TRADE KRUM! | DAYS | Cash on Cash % | CONTRACTS | SHARES |
| $375.00 | 31 | 1.32% | 5 | 500 |
| Below are the details of the Buy Back | ||||
| ORIGINAL PREM | BUY BACK PRICE | DIFFERENCE | PREMIUM PROFIT | |
| $0.45 | $0.03 | $0.42 | $375.00 | |
| Max Profit Projections for this trade (EXPECTATION) | ||||
| COMPANY | SYMBOL | SHARES | PRICE | TOTAL COST |
| Intel Corp | INTC | 500 | $56.80 | $31,750.00 |
| EXPIRATION DATE | DAYS | STRIKE | OPTION | CoC % GAIN |
| Mar-5 | 31 | $63.50 | $0.45 | 1.32% |
| DIVIDEND | DIVIDEND GAIN | OPTION GAIN | STOCK GAIN | TOTAL KRUM |
| $0.33 | $165.00 | $225.00 | $3,350.00 | $3,740.00 |
| All calculations above are based on collecting [ Stock move + CCW + DIV if offered] | ||||
| This trade ADDS March-2021 Monthly Totals | ||||
| Current Running Total | $4,762.00 | |||
| AT THE TIME OF THIS POSTING (time stamp above) | ||||
| 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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| All of my CPT Abbreviations and Acronyms can be found below | ||||
| https://cptdashboard.blogspot.com/2021/02/CPT-lingo.html | ||||
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