| All rights reserved - Core Position Trading, LLC - 2021 | ||||
 | NEW CSP BUYBACK | |||
| Cash Secured Put Option Buy Back | ||||
| Cash Secured Put position was closed on | ||||
| TIME AND DATE STAMP | Thursday, December 9, 2021 | |||
TNA | ||||
| 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 | ||||
| CSP - Markets selling off again using the new covid variant as its excuse ... with inflation fears being the cherry on top ... just using the Cash Secured Put vs buying shares ... the ETF would have to fall another -12% for my strike to be challenged ... watching and will Roll down if I have too | ||||
| WHEN TRADE CLOSES - I explain my thoughts on how this closed out. | ||||
| Trade is CLOSED - As with my other TNA CSP the option has fallen under -50% and wanted to use this money for other trades ... I just decided we take this off the board, sit back and watch the markets ... good profit for this amount of time invested. | ||||
| The Headline Krum! (ACTUAL RESULT) | ||||
| TRADE KRUM! | DAYS | Cash on Cash % | CONTRACTS | SHARES |
| $326.00 | 8 | 5.02% | 1 | 100 |
| Below are the details of the Buy Back | ||||
| ORIGINAL PREM | BUY BACK PRICE | DIFFERENCE | PREMIUM PROFIT | |
| $4.40 | $1.14 | $3.26 | $326.00 | |
| What was the stock doing at the time of this trade | ||||
| At the time I did this trade, TNA was trading at ~$76.01. All of these calculations are based on the strike price and not where the actual stock was trading. I post the price just for reference. | ||||
| COMPANY | SYMBOL | SHARES | TRADING | TOTAL COST |
| TNA | TNA | 100 | $76.01 | $6,500.00 |
| EXPIRATION DATE | STRIKE | OPTION | CoC % GAIN | TOTAL KRUM |
| Dec-31 | $65.00 | $4.40 | 5.02% | $440.00 |
| CSP so this is a 100% PREMIUM trade only | ||||
| This trade ADDS December-2021 Monthly Totals | ||||
| Current Running Total CoC$ Gain | $984.00 | |||
| Current Annual CoC% Gain | 45.16% | |||
| AT THE TIME OF THIS POSTING (time stamp above) | ||||
| Disclaimer - No - at the time of this posting I did not own the shares of this equity ... I risk my own money on this trade and am accountable for the trade results | ||||
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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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