| All rights reserved - Core Position Trading, LLC - 2021 | ||||
 | NEW CSP BUYBACK | |||
| Cash Secured Put Option BuyBack | ||||
| Cash Secured Put position was closed on | ||||
| TIME AND DATE STAMP | Tuesday, March 2, 2021 | |||
Rocket Group |  | |||
| 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 | ||||
| CSP - Rocket is acting like it always does where it moves higher, then sells off, moves higher, sells off... were in a sell off phase and I feel looking at the chart and the KC MID ... its support is still 19.50 ... so this $19 Strike sets up for a possible NOT being assigned the shares CSP trade | ||||
| WHEN TRADE CLOSES - I explain my thoughts on how this closed out. | ||||
| Trade is CLOSED - With RKT moving much MUCH higher after earnings (~29) this 0.08 is dead money for the next 10 days ... so lets buy this option back and free the cash for another trade ... keeping this profit machine oiled UP and Running! | ||||
| The Headline Krum! (ACTUAL RESULT) | ||||
| TRADE KRUM! | DAYS | Cash on Cash % | CONTRACTS | SHARES |
| $1,940.00 | 20 | 5.11% | 20 | 2000 |
| Below are the details of the Buy Back | ||||
| ORIGINAL PREM | BUY BACK PRICE | DIFFERENCE | PREMIUM PROFIT | |
| $1.05 | $0.08 | $0.97 | $1,940.00 | |
| Max Profit Projections for this trade (EXPECTATION) | ||||
| COMPANY | SYMBOL | SHARES | PRICE | TOTAL COST |
| Rocket Group | RKT | 2000 | $38,000.00 | |
| EXPIRATION DATE | DAYS | STRIKE | OPTION | CoC % GAIN |
| Mar-12 | 20 | $19.00 | $1.05 | 5.11% |
| DIVIDEND | DIVIDEND GAIN | OPTION GAIN | STOCK GAIN | TOTAL KRUM |
| $0.00 | $0.00 | $2,100.00 | $38,000.00 | $40,100.00 |
| All calculations above are based on collecting [ Stock move + CCW + DIV if offered] | ||||
| This trade ADDS March-2021 Monthly Totals | ||||
| Current Running Total | $5,738.00 | |||
| AT THE TIME OF THIS POSTING (time stamp above) | ||||
| Disclaimer - Yes - I own shares (100) | ||||
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| Image credits - stockcharts.com | barchart.com | foolcdn.com | yahoo.com | earningswhispers.com | ||||
| All of my CPT Abbreviations and Acronyms can be found below | ||||
| https://cptdashboard.blogspot.com/2021/02/CPT-lingo.html | ||||
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