| 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, September 21, 2021 | |||
Draft Kings |  | |||
| 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 - to be honest, Draft Kings sat on the bench so long for me that I just need action ... so I do this 38 day $66 strike for the action ... my cost basis is $67 so if my shares are taken its a green trade where I will minus out the -$1 loss on the shares with the $1.46 premium I get ... collecting 0.46 in premium BUT WE MOVE ON!!!! | ||||
| WHEN TRADE CLOSES - I explain my thoughts on how this closed out. | ||||
| Trade is CLOSED - DKNG has peeled off since hitting the mid 60's ... and with its merge plans today the stock is being sold off hard ... so I give back .44 cents of my $1.49 to have no obligation and about 30 days to find another trade (expire for this was Oct-22) | ||||
| The Headline Krum! (ACTUAL RESULT) | ||||
| TRADE KRUM! | DAYS | Cash on Cash % | CONTRACTS | SHARES |
| $1,020.00 | 7 | 1.52% | 10 | 1000 |
| Below are the details of the Buy Back | ||||
| ORIGINAL PREM | BUY BACK PRICE | DIFFERENCE | PREMIUM PROFIT | |
| $1.46 | $0.44 | $1.02 | $1,020.00 | |
| Max Profit Projections for this trade (EXPECTATION) | ||||
| COMPANY | SYMBOL | SHARES | PRICE | TOTAL COST |
| DraftKings | DKNG | 1000 | $67.00 | $66,000.00 |
| EXPIRATION DATE | DAYS | STRIKE | OPTION | CoC % GAIN |
| Oct-22 | 7 | $66.00 | $1.46 | 1.52% |
| DIVIDEND | DIVIDEND GAIN | OPTION GAIN | STOCK GAIN | TOTAL KRUM |
| $0.00 | $0.00 | $1,460.00 | -$1,000.00 | $460.00 |
| All calculations above are based on collecting [ Stock move + CCW + DIV if offered] | ||||
| This trade ADDS September-2021 Monthly Totals | ||||
| Current Running Total | $6,044.00 | |||
| 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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