| All rights reserved - Core Position Trading, LLC-2022 | ||||
 | NEW CSP TRADE | |||
| Standard Cash Secured Put Trade | ||||
| NEW Cash Secured Put position was opened on | ||||
| TIME AND DATE STAMP | Friday, January 14, 2022 | |||
TQQQ | 3x | |||
| 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 - TQQQ is trading near a $70 support line ... so did this Feb-18 to give it some time to bounce and maybe and head higher ... will manage the trade if it goes against me | ||||
| WHEN TRADE CLOSES - I explain my thoughts on how this closed out. | ||||
| Trade is OPEN - I will add commentary when this trade closed | ||||
| This (35) day trade begins and ends for the dates below | ||||
| 35 | January 14, 2022 | February 18, 2022 | ||
| MAX PROFIT - Premium Income | ||||
| Because this is a Cash Secured Put I can only make money on the Premium I received for placing this trade. I do not own the stock so I do not make any stock appreciation or collect any company dividends should the company offer one. | ||||
| TRADE KRUM! | DAYS | Cash on Cash % | CONTRACTS | SHARES |
| $1,070.00 | 35 | 7.64% | 2 | 200 |
| What was the stock doing at the time of this trade | ||||
| At the time I did this trade, TQQQ was trading at ~$77.17. 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 | PRICE | TOTAL COST |
| TQQQ | TQQQ | 200 | $77.17 | $14,000.00 |
| EXPIRATION DATE | DAYS | STRIKE | OPTION | CoC % GAIN |
| 2/18/2022 | 35 | $70.00 | $5.35 | 7.64% |
| OPTION GAIN | TOTAL KRUM | |||
| No | $0.00 | Standard Cash Secured Put (~30d) | $1,070.00 | $1,070.00 |
| Downside Protection should this trade Bad! | ||||
| CURRENT SHARE $ | PREMIUM | STRIKE | PRICE | WOULD FALL |
| $70.00 | $5.35 | $70.00 | $64.65 | -$5.35 |
| BREAKEVEN | ||||
| Today, 2 Cash Secured Put contracts were sold on TQQQ (ticker TQQQ) for the 2/18/2022, $70 strike price for a premium of $5.35 . TQQQ was trading for $77.17 a share. | ||||
| 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 | ||||
| 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. | ||||
| All of my CPT Abbreviations and Acronyms can be found below | ||||
| https://cptdashboard.blogspot.com/2021/02/CPT-lingo.html | ||||
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