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 | NEW PMCC TRADE | |||
| Covered Call Trade opened using a Standard Covered Call (~30d) | ||||
| NEW Poor Man's Covered Call position was opened on | ||||
| TIME AND DATE STAMP | Friday, December 3, 2021 | |||
Rocket Group |  | |||
| 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 (28) day trade begins and ends for the dates below | ||||
| 28 | December 3, 2021 | December 31, 2021 | ||
| Details of this 30 Day CCW / ~30 DELTA Strike | $190.00 | |||
| EXPIRATION DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Dec-31 | 5 | $17.00 | $0.38 | $190.00 |
| PMMC - PMMC - Nothing is happening with RKT over the next 4 weeks that I feel this $17 Strike will be challenged ... its the 29 Delta for this Strike/Expire so even if RKT moved higher I feel I could manage the trade by ROLLING out and higher. Krum here, Krum there game plan | ||||
| DAYS | 28 | DELTA | 0.2805 |  |
| DETAILS [ LEAP PURCHASE + ALL CCW PROFITS/LOSSES] | ||||
| TRADES | INVESTED | MADE | Cash on Cash % | |
4 | -$3,650.00 | $470.00 | 12.88% | |
| Details LEAP Call option I'm using for this PMCC | -$3,650.00 | |||
| SYMBOL | LEAP | STRIKE | PAID | INVESTMENT |
| RKT | Jan2023 | $11.86 | $7.30 | |
| PMMC - Rocket is trading in such a range ... and it hasn't been able to get back into the 20's ... I feel Wall Street will wait for earnings to start moving it ... I feel it has less downside ... so enter here is what I feel is a good stop where even if earnings isn't perfect the stock has been beaten down such that Wall Street won't crush it ... | ||||
| CONTRACTS | 5 | DELTA | 0.95 | |
| PMCC Golden Rule - BUY the ~80 or greater DELTA | ||||
| How have I done with all trades using this LEAP? | $470.00 | |||
| DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Aug-9 | 5 | $19.50 | -$0.12 | -$60.00 |
| Trade is CLOSED - RKT beats earnings and heads higher to my $19.50 strike ... with the PMCC, I can not let my shares be taken so we buy back the option and roll it higher which I did ... doing the $21 strike | ||||
| Aug-13 | 5 | $21.00 | $0.37 | $185.00 |
| Trade is CLOSED - Bought option back as it was going to expire worthless and I wanted to roll forward in time for another credit | ||||
| Aug-13 | 5 | $21.00 | $0.41 | $205.00 |
| Trade is CLOSED - Bought option back as it was going to expire worthless and I wanted to roll forward in time for another credit | ||||
| Nov-15 | 5 | $18.89 | $0.28 | $140.00 |
| Trade is CLOSED - Bought option back as it was going to expire worthless and I wanted to roll forward in time for another credit | ||||
| PMCC TRACKER > INCLUDES CURRENT CCW | ||||
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| 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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