| All rights reserved - Core Position Trading, LLC-2022 | ||||
 | 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, January 18, 2022 | |||
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 | January 18, 2022 | February 18, 2022 | ||
| Details of this 30 Day CCW / ~30 DELTA Strike | $440.00 | |||
| EXPIRATION DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Feb-18 | 2 | $155.00 | $2.20 | $440.00 |
| PMMC - Feeling SQ has been beaten down MORE ... and I'm not going to sit on my hands ... buying back and rolling down and moving my expire date out ... this is just another trade using these LEAPS and will keep using the deep OTM CCW strikes ... this strike was the 0.19 Delta | ||||
| DAYS | 31 | DELTA | 0.19 | |
| DETAILS [ LEAP PURCHASE + ALL CCW PROFITS/LOSSES] | ||||
| TRADES | INVESTED | MADE | Cash on Cash % | |
2 | $17,702.00 | $1,138.00 | 6.43% | |
| Details LEAP Call option I'm using for this PMCC | -$17,702 | |||
| SYMBOL | LEAP | STRIKE | PAID | INVESTMENT |
| SQ | Jan2023 | $80.00 | $88.51 | |
| CONTRACTS | 2 | DELTA | 0.94 |  |
| PMCC Golden Rule - BUY the ~80 or greater DELTA | ||||
| How is the LEAP Call Option preforming at this moment | ||||
| As of this post, this is the MID PRICE VALUE for my LEAP Call Option | ||||
| WHAT I PAID | CURRENT MID PRICE | .+/- % | ||
| $88.51 | $58.50 | -33.91% | ||
| NOTE: THIS IS NOT FACTORED INTO ANY CALCULATIONS ... just showing | -$6,002.00 | |||
| How have I done with all trades using this LEAP? | $1,138.00 | |||
| DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Dec-21 | 2 | $180.00 | $3.74 | $748.00 |
| WHY I CLOSED this PMCC CCW Trade > with over 2 weeks left and only 0.26 left on this $4 CCW ... I buy this back and will look to find another 30 Delta trade if I can. | ||||
| Jan-6 | 2 | $165.00 | $1.95 | $390.00 |
| WHY I CLOSED this PMCC CCW Trade > Receiving $2.40 and this CCW option falling to a mere 0.44 cents with over 2 weeks left, I bought back and will roll ahead to probably the Feb-18 expire and do the 30 Delta ... as for now, we pocket this picking up another Krum using these LEAPS. | ||||
| 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. | ||||
| Remember, the content of this site is for informational and educational purposes only. If you invest using information contained here, do so at your own risk. Please read the full disclaimer posted below and visit cptdashboard.com for my privacy policy. | ||||
| Feel free to email me if you have questions and/or concerns about this post - corepositiontrading@gmail.com - I usually will get back with you in 48 hours or sooner | ||||
| © 2022 Core Position Trading, LLC and the CPT Dashboard - All Rights Reserved | Disclaimer | |||
