| All rights reserved - Core Position Trading, LLC-2021 | ||||
 | NEW WEEKLY CCW TRADE | |||
| Covered Call Weekly Trade Expires less than 30 days | ||||
| NEW Covered Call position was opened on | ||||
| TIME AND DATE STAMP | Wednesday, November 3, 2021 | |||
DraftKings |  | |||
| 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 - Lets DANCE! Selling this short window 2 day weekly on my DKNG shares for a baby Krum ... will play this sorta trade as we move forward | ||||
| WHEN TRADE CLOSES - I explain my thoughts on how this closed out. | ||||
| Trade is OPEN - I will add commentary when this trade closed | ||||
| This (2) day trade begins and ends for the dates below | ||||
| 2 | November 3, 2021 | November 5, 2021 | ||
| MAX PROFIT Shares + Premium (shares are taken) | ||||
| MAX PROFIT | STOCK GAIN | OPTION GAIN | DIVIDEND? | CASH ON CASH % |
| $3,180.00 | $2,450.00 | $730.00 | $0.00 | 6.69% |
| PREMIUM PROFIT Only (shares are not taken) | ||||
| PREMIUM ONLY | OPTION GAIN | DIVIDEND? | CASH ON CASH % | |
| $730.00 | $730.00 | $0.00 | 1.54% | |
| Trade Breakdown IF my shares are taken | ||||
| COMPANY | SYMBOL | SHARES | STOCK PRICE | STRIKE |
| DraftKings | DKNG | 1000 | $47.55 | $50.00 |
| PREMIUM RECV | PREM PROFIT | SHARE GAIN | CASH PROFIT | CoC% GAIN |
| $0.73 | $730.00 | $2,450.00 | $3,180.00 | 6.69% |
| TRACKING THE ORIGINAL INVESTMENT $$$ | ||||
| DATE | STOCK BUY | SHARES | TOTAL INVESTMENT | |
| Mar-19 | $68 | 1000 | -$68,000.00 | |
| I aquired these shares via a Cash Secured Put | ||||
| TRADE | PREMIUM | SHARES | TOTAL PREMIUM GAINS | |
| CSP | $1.00 | 1000 | $1,000.00 | |
| CCW | $0.77 | 1000 | $770.00 | |
| CCW | $0.35 | 1000 | $350.00 | |
| CCW | $1.46 | 1000 | $1,020.00 | |
| All premiums using these shares | $3,140.00 | |||
| The Profit for the current trade is NOT calculated as the trade is OPEN and it may or may not be the final profit/loss | ||||
| REAL TIME Cost Basis if I were to exit the trade | -$64.86 | |||
| Selling Premium Education Corner (definition and links) | ||||
| Covered Call - Description - A covered call is a financial market transaction in which the seller of call options owns the corresponding amount of the underlying instrument, such as shares of a stock or other securities. ... writing - i.e. selling - a call generates income in the form of the premium paid by the option buyer. Source - https://en.wikipedia.org/wiki/Covered_call | ||||
| Disclaimer - Yes - at the time of this posting I do own shares. I am by no means recommending this stock for purchase | ||||
| Remember, the content of this site is for informational and educational purposes only. If you invest using information contained here, do so at your own risk. Please read the full disclaimer posted below and visit cptdashboard.com for my privacy policy. | ||||
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