| 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 | Friday, January 21, 2022 | |||
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'. | ||||
| Original Trade Setup | Date | Dec-22 | ||
| STOCK WAS TRADING | STRIKE | EXPIRING | PREMIUM | PROJECTED |
| $15.88 | $16.50 | Jan-14 | $0.53 | 7.24% |
| PROJECTED SHARES TAKEN / NOT TAKEN > | $4,025.00 | $1,855.00 | 29 DAYS | |
| PROJECTED IS DEFINED > IF SHARES ARE TAKEN AT MY STRIKE PRICE | ||||
| MINDSET WHEN OPENED - Below I explain why I did this trade | ||||
| CCW - Simple, I want to collect as many low risk krums using these shares are possible ... low risk meaning, the strike price being OTM such that I wont have it challenged much but if it is we will roll higher ... still under my stock purchase price, we keep doing this until we dont. | ||||
| WHY DID YOU BUY BACK THIS OPTION? | ||||
| WHY I CLOSED this CCW Trade > the option has fallen under -50% and such a short amount of time, just figure we'll roll this out a week on the expire date and try to pick up the same 0.50+ cent premium and keep this krum train rolling. | ||||
| WHAT WAS THE FINAL RESULT OF THIS TRADE? | ||||
| TRADE KRUM! | DAYS | Cash on Cash % | CONTRACTS | SHARES |
| $1,120.00 | 6 | 2.02% | 35 | 3500 |
| Below are the details of the Buy Back | ||||
| ORIGINAL PREM | BUY BACK PRICE | DIFFERENCE | PREMIUM PROFIT | |
| $0.53 | $0.21 | $0.32 | $1,120.00 | |
| NEW ROLL CCW Trade | Date | Dec-22 | ||
| STOCK WAS TRADING | STRIKE | EXPIRING | PREMIUM | PROJECTED |
| $15.02 | $16.50 | Jan-21 | $0.22 | 11.32% |
| PROJECTED SHARES TAKEN / NOT TAKEN > | N/A | $880.00 | 30 DAYS | |
| PROJECTED IS DEFINED > IF SHARES ARE TAKEN AT MY STRIKE PRICE | ||||
| MINDSET WHEN OPENED - Below I explain why I did this trade | ||||
| CCW - Bought another 500 shares so I can do 40 contracts ... grabbed this $16.50, 25 Delta CC for another krum as I keep this monthly trade going ... hey, $800 here, $800 there at some point were making real money :) | ||||
| This trade ADDS December-2021 Monthly Totals | ||||
| Current Running Total CoC$ Gain | $3,409.00 | |||
| Current Annual CoC% Gain | 46.24% | |||
| 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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