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 | NEW CSP BUYBACK | |||
| NEW ROLLED CSP TRADE has been posted using this stock | |||||||||
| THE ORIGINAL TRADE HAS BEEN CLOSED (RESULTS BELOW) | |||||||||
| Square Inc | SQ |  | |||||||
| Strike Price | Expire | Closed | Days | ||||||
| $160.00 | Jan-7 | Jan-5 | 30 | ||||||
| Premium was | Buy Back | Total Premium Profit I made | |||||||
| $5.25 | $10.99 | -$1,148.00 | |||||||
| WHY I CLOSED this CSP Trade > with my expire date being this week Jan-7 and SQ falling -$19 pts from my strike ... I had to roll this option DOWN ... I will post both trades which will show the buy back and the new CSP. | |||||||||
| THE NEW TRADE HAS BEEN OPENED | |||||||||
| Stock Price - placed | Date | Total Prem$ | Contracts | ||||||
| $149.50 | Jan-5 | $9.95 | 2 | ||||||
| Strike Price | Expire | Days | Premium Profit | ||||||
| $150.00 | Feb-11 | 37 | $842.00 | ||||||
| WHY I OPENED this CSP Trade - had to ROLL a seriously challenged $160 strike, Jan-7 expire ... so I bought back that CSP and sold this one hoping to mitigate losses ... in this case I will make a little profit but will not be assigned SQ shares @ $160 when the stock is trading to $149.x The profit you see above BB loss + New Prem = Difference (-$1,148) + $1,990 = +$842 if this trades expires worthless on Feb-11th | |||||||||
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