| All rights reserved - Core Position Trading, LLC - 2021 | ||||
 | NEW CCW BUYBACK | |||
| Covered Call Option Buy Back | ||||
| Covered Call position was closed on | ||||
| TIME AND DATE STAMP | Tuesday, August 3, 2021 | |||
Pinterest |  | |||
| 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 - I have 500 shares but only using 300 for this CCW as I think the stock might find its way into the low 80's ... so will let the stock move higher ... but until then gonna do this 3 contract OTM $77 (which $77.50 is my true cost basis) and if the shares are taken its a close enough clean deal for me | ||||
| WHEN TRADE CLOSES - I explain my thoughts on how this closed out. | ||||
| Trade is CLOSED - this PINS option price had fallen to a mere 0.06 and with 10 days left, I buy back the option and now combine these 300 shares with the other 200 and I can do a 5 contract CCW at some point ... | ||||
| The Headline Krum! (ACTUAL RESULT) | ||||
| TRADE KRUM! | DAYS | Cash on Cash % | CONTRACTS | SHARES |
| $1,062.00 | 21 | 4.86% | 3 | 300 |
| Below are the details of the Buy Back | ||||
| ORIGINAL PREM | BUY BACK PRICE | DIFFERENCE | PREMIUM PROFIT | |
| $3.60 | $0.06 | $3.54 | $1,062.00 | |
| Max Profit Projections for this trade (EXPECTATION) | ||||
| COMPANY | SYMBOL | SHARES | PRICE | TOTAL COST |
| PINS | 300 | $72.82 | $23,100.00 | |
| EXPIRATION DATE | DAYS | STRIKE | OPTION | CoC % GAIN |
| Aug-13 | 21 | $77.00 | $3.60 | 4.86% |
| DIVIDEND | DIVIDEND GAIN | OPTION GAIN | STOCK GAIN | TOTAL KRUM |
| $0.00 | $0.00 | $1,080.00 | $1,254.00 | $2,334.00 |
| All calculations above are based on collecting [ Stock move + CCW + DIV if offered] | ||||
| This trade ADDS August-2021 Monthly Totals | ||||
| Current Running Total | $1,577.00 | |||
| 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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