| All rights reserved - Core Position Trading, LLC-2022 | ||||
 | NEW CCW TRADE | |||
| Covered Call Option Buy Back / New Covered Call Trade | ||||
| Covered Call position was closed and opened on | ||||
| TIME AND DATE STAMP | Tuesday, January 11, 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'. | ||||
| My brief explanation for the trades | ||||
| WHY I CLOSED EARLY | ||||
| WHY I CLOSED this CCW Trade > with a solid 10 days left to collect 0.04 ... my strike wasn't challenged but still felt that I could ROLL this out a few added weeks, pick a decent prem which keeps this trade going without much stress. | ||||
| Breakdown of the profit for the 1st trade (BUYBACK) | ||||
| STRIKE | PREM | CONTRACTS | BUYBACK | % +/- |
| $16.50 | $0.22 | 40 | -$0.04 | 1.20% |
| CASH PROFITS > | $720.00 | |||
| WHY I ROLLED | ||||
| CCW - I continue to use this RKT position for SMALL premium trades but because of the 40 contracts it really makes the profit amplified ... so I keep doing these ~30 Delta trades ... which are OTM and RKT as if now only seems to REALLY move on earnings ... this Expire Date is 10 days before earnings and I should be able to buy back and roll again AFTER earnings ... of course, if strike challenged, we will manage and roll. | ||||
| Breakdown of the profit for the 2nd trade (ROLL) | ||||
| STRIKE | PREM | CONTRACTS | BUYBACK | EXPIRE |
| $16.00 | $0.23 | 40 | $0.00 | Feb-11 |
| CoC% | CoC$ | |||
| 1.61% | $920.00 | |||
| ZERO stock gain as I am down on this position and will ROLL to avoid having my shares assigned. | ||||
| 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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