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 | NEW PMCC TRADE | |||
| Covered Call Trade opened using a Standard Covered Call (~30d) | ||||
| NEW Poor Man's Covered Call | ||||
| TIME AND DATE STAMP | Monday, January 31, 2022 | |||
PayPal |  | |||
| 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 (32) day trade begins and ends for the dates below | ||||
| 32 | January 31, 2022 | March 4, 2022 | ||
| Details of this 30 Day CCW / ~30 DELTA Strike | $560.00 | |||
| EXPIRATION DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Mar-4 | 2 | $190.00 | $2.80 | $560.00 |
| WHY I OPENED this PMMC CCW - PayPal is moving higher and has earnings this week ... Im using this as a possible run up to my DEEP OTM Strike $190 + $2.80 per share ... if my shares were taken this PMCC PYPL trade will be GREEN and could be closed out as a clean deal. | ||||
| DAYS | 32 | DELTA | 0.21 | YES |
| DETAILS [ LEAP PURCHASE + ALL CCW PROFITS/LOSSES] | ||||
| TRADES | INVESTED | MADE | Cash on Cash % | |
4 | -$16,808.00 | $1,424.00 | 8.47% | |
| THIS DOES INCLUDED ALL CCW TRADES. This included this ACTIVE trade. | ||||
| Details LEAP Call option I'm using for this PMCC | -$16,808 | |||
| SYMBOL | LEAP | STRIKE | PAID | INVESTMENT |
| PYPL | Jan2023 | $84.04 | $84.04 | |
| CONTRACTS | 2 | DELTA | 0.95 | YES |
| 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 | .+/- % | ||
| $84.04 | $80.44 | -4.28% | ||
| NOTE: THIS IS NOT FACTORED INTO ANY CALCULATIONS ... just showing | -$720.00 | |||
| How have I done with all trades using this LEAP? | $864.00 | |||
| DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Nov-30 | 1 | $200.00 | $2.85 | $285.00 |
| WHY I CLOSED this PMCC CCW Trade - With PYPL not getting to $200 and chances are they wont by the 31st ... I looked at another 30day, 30 Delta and I can pick up another $3.50ish so Im going to try to keep this going ... | ||||
| Dec-27 | 1 | $205.00 | $2.25 | $225.00 |
| WHY I CLOSED this PMCC CCW Trade > PayPal with the rest of the markets, falling, so my $3.99 option fell to a 1/4 of that to $1 and with over 18 days left ... we buy back and roll this again ... | ||||
| Jan-11 | 1 | $200.00 | $3.54 | $354.00 |
| WHY I CLOSED this PMCC CCW Trade > was paid a healthy $5.20 for this original CCW and it fell to $1.66 ... way before the Feb-11 expire date ... so we buy back, pocket that prem, push out to the Feb-18 and collect another credit if possible which is my plan | ||||
| 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. | ||||
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| 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 | ||||
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