| 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 | Friday, July 2, 2021 | |||
Bristol Myers |  | |||
| 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 - with BMY's earnings behind it, I'm able to get back at it with my DOUBLE my Dividend trades using some of my Buy & Hold stocks and BMY is one of them. This prem of 0.35 is not much but they add up over time and it lets me cherry picked when the stock trades at the top of the range. Totally expect to have the stock peel back, I buy this option back for pennies, we will look to do it again' | ||||
| WHEN TRADE CLOSES - I explain my thoughts on how this closed out. | ||||
| Trade is CLOSED - With 2 full weeks until expire and this option getting under 0.10 cents ... 0.07 is ok to take off the board and look to do something further out in August. Nice like 'Double My Dividend' trade. | ||||
| The Headline Krum! (ACTUAL RESULT) | ||||
| TRADE KRUM! | DAYS | Cash on Cash % | CONTRACTS | SHARES |
| $280.00 | 17 | 0.42% | 10 | 1000 |
| Below are the details of the Buy Back | ||||
| ORIGINAL PREM | BUY BACK PRICE | DIFFERENCE | PREMIUM PROFIT | |
| $0.35 | $0.07 | $0.28 | $280.00 | |
| Max Profit Projections for this trade (EXPECTATION) | ||||
| COMPANY | SYMBOL | SHARES | PRICE | TOTAL COST |
| Bristol Myers | BMY | 1000 | $67.12 | $70,000.00 |
| EXPIRATION DATE | DAYS | STRIKE | OPTION | CoC % GAIN |
| Jul-16 | 17 | $70.00 | $0.35 | 0.42% |
| DIVIDEND | DIVIDEND GAIN | OPTION GAIN | STOCK GAIN | TOTAL KRUM |
| $0.00 | $0.00 | $350.00 | $2,880.00 | $3,230.00 |
| All calculations above are based on collecting [ Stock move + CCW + DIV if offered] | ||||
| This trade ADDS July-2021 Monthly Totals | ||||
| Current Running Total | $280.00 | |||
| AT THE TIME OF THIS POSTING (time stamp above) | ||||
| Disclaimer - Yes - at the time of this posting I do own shares. I am by no means recommending this stock for purchase | ||||
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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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