| All rights reserved - Core Position Trading, LLC-2021 | ||||
 | NEW PMCC TRADE | |||
| Covered Call Trade opened using a Standard Covered Call (~30d) | ||||
| NEW Poor Man's Covered Call CLOSE and ROLL | ||||
| TIME AND DATE STAMP | Monday, December 27, 2021 | |||
Paypal |  | |||
| 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'. | ||||
| This (32) day trade begins and ends for the dates below | ||||
| 32 | December 27, 2021 | January 28, 2021 | ||
| Details of this 30 Day CCW / ~30 DELTA Strike | $325.00 | |||
| EXPIRATION DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Jan-28 | 1 | $205.00 | $3.25 | $325.00 |
| PMMC - My PayPal position is moving in a favorable way so I decided to keep the trade going and doing another 30 day, 20 Delta (this was the 28D) and pocket this $3.25 ... will manage as this trade plays out. | ||||
| DAYS | 32 | DELTA | 0.2716 |  |
| DETAILS [ LEAP PURCHASE + ALL CCW PROFITS/LOSSES] | ||||
| TRADES | INVESTED | MADE | Cash on Cash % | |
2 | -$9,306.00 | $285.00 | 3.06% | |
| Details LEAP Call option I'm using for this PMCC | -$9,306.00 | |||
| SYMBOL | LEAP | STRIKE | PAID | INVESTMENT |
| PYPL | Jan2023 | $95.00 | $93.06 | |
| CONTRACTS | 1 | DELTA | 0.95 | |
| PMCC Golden Rule - BUY the ~80 or greater DELTA | ||||
| How is the LEAP Call Option preforming at this moment | ||||
| As of this post, this is the MID PRICE VALUE for my LEAP Call Option | ||||
| WHAT I PAID | CURRENT MID PRICE | .+/- % | ||
| $93.06 | $99.51 | 6.93% | ||
| NOTE: THIS IS NOT FACTORED INTO ANY CALCULATIONS ... just showing | $645.00 | |||
| How have I done with all trades using this LEAP? | $285.00 | |||
| DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Nov-30 | 1 | $200.00 | $2.85 | $285.00 |
| WHY I CLOSED this PMCC CCW Trade - With PYPL not getting to $200 and chances are they wont by the 31st ... I looked at another 30day, 30 Delta and I can pick up another $3.50ish so Im going to try to keep this going ... | ||||
| Trading stocks and options have risk. Required reading prior to placing money at risk with options is the ODD which is posted below. "The Characteristics & Risks of Standardized Options" Prior to buying or selling an option, investors must read a copy of the Characteristics & Risks of Standardized Options, also known as the options disclosure document (ODD). It explains the characteristics and risks of exchange traded options. | ||||
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| Feel free to email me if you have questions and/or concerns about this post - corepositiontrading@gmail.com - I usually will get back with you in 48 hours or sooner | ||||
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