| All rights reserved - Core Position Trading, LLC - 2021 | ||||
 | DOUBLING MY DIVIDENDS | |||
| Covered Call 'Double My Dividend' Trade | ||||
| Covered Call position was opened | ||||
| TIME AND DATE STAMP | Friday, September 24, 2021 | |||
Southern Co. |  | |||
| 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'. | ||||
| DOUBLING MY DIVIDEND Trades are 100% Premium Trades | ||||
| My brief explanation for this trade and how it closed | ||||
| MINDSET WHEN OPENED - Below I explain why I did this trade | ||||
| CCW - Southern Co is a Buy & Hold stock for me where I hold shares for some stock appreciation and collect its dividend. During the companies off events months I like selling covered calls when the stock is at the top of its trading range ... SO @ $66.47 is right at resistance (Aug-19) and with $68 being the Top of the KC MID ... I like this $68 strike for a Double my Dividend trade and expect to NOT have my shares taken. | ||||
| WHEN TRADE CLOSES - I explain my thoughts on how this closed out. | ||||
| Trade is OPEN - I will add commentary when this trade closed | ||||
| The Headline Krum! (ACTUAL RESULT) | ||||
| TRADE KRUM! | DAYS | Cash on Cash % | CONTRACTS | SHARES |
| $350.00 | 36 | 1.05% | 5 | 500 |
| Below are the details of the Buy Back | ||||
| ORIGINAL PREM | BUY BACK PRICE | DIFFERENCE | PREMIUM PROFIT | |
| $0.70 | $0.00 | $0.70 | $350.00 | |
| Max Profit Projections for this trade (EXPECTATION) | ||||
| COMPANY | SYMBOL | SHARES | PRICE | TOTAL COST |
| Southern Co. | SO | 500 | $66.47 | $34,000.00 |
| EXPIRATION DATE | DAYS | STRIKE | OPTION | CoC % GAIN |
| Sep-24 | 36 | $68.00 | $0.70 | 1.05% |
| DIVIDEND | DIVIDEND GAIN | OPTION GAIN | STOCK GAIN | TOTAL KRUM |
| $0.00 | $0.00 | $350.00 | $765.00 | $1,115.00 |
| All calculations above are based on collecting [ Stock move + CCW + DIV if offered] | ||||
| This trade ADDS August-2021 Monthly Totals | ||||
| Current Running Total | $3,040.00 | |||
| AT THE TIME OF THIS POSTING (time stamp above) | ||||
| How many EXTRA "Dividends" have you collected? | ||||
| Remember, the Doubling my Dividend trades are trades where I try to collect a CCW premium that would equal its Quarterly dividend ... its a Mindset and it keeps me interested and IN THE GAME! | ||||
| DATE | SHARES | PREMIUM | $ GAIN | SHARES TAKEN? |
| 8/19/2019 | 1000 | $0.43 | $430.00 | NO |
| $0.00 | ||||
| $0.00 | ||||
| $430.00 | ||||
| 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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