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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 | Tuesday, December 21, 2021 | |||
Block Inc |  | |||
| 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 (31) day trade begins and ends for the dates below | ||||
| 31 | December 21, 2021 | January 21, 2022 | ||
| Details of this 30 Day CCW / ~30 DELTA Strike | $800.00 | |||
| EXPIRATION DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Jan-21 | 2 | $180.00 | $4.00 | $800.00 |
| PMMC - Feeling SQ has been beaten down too much ... I just feel its trading near the bottom of this total stock sell off so starting in a more BUY LOW vs PAY HIGH position makes me feel this is a good time to get involved | ||||
| DAYS | 31 | DELTA | 0.2716 |  |
| DETAILS [ LEAP PURCHASE + ALL CCW PROFITS/LOSSES] | ||||
| TRADES | INVESTED | MADE | Cash on Cash % | |
1 | -$17,700.00 | $800.00 | 4.52% | |
| Details LEAP Call option I'm using for this PMCC | -$17,700.00 | |||
| SYMBOL | LEAP | STRIKE | PAID | INVESTMENT |
| SQ | Jan2023 | $80.00 | $88.50 | |
| CONTRACTS | 2 | DELTA | 0.93 | |
| PMCC Golden Rule - BUY the ~80 or greater DELTA | ||||
| 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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