| All rights reserved - Core Position Trading, LLC-2022 | ||||
 | NEW CCW TRADE | |||
| Covered Call Option Buy Back / New Covered Call Trade | ||||
| Covered Call position was ROLLED | ||||
| TIME AND DATE STAMP | Monday, January 31, 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 > RKT has been drifting, it will probably wont finish at $16 in 11 days ... but with only 0.03 cents on the board.. I can roll this down and forward for another $700+ ... will keep rolling these shares. | ||||
| Breakdown of the profit for the 1st trade (BUYBACK) | ||||
| STRIKE | PREM | CONTRACTS | BUYBACK | % +/- |
| $16.00 | $0.23 | 40 | -$0.03 | 1.40% |
| CASH PROFITS > | $800.00 | |||
| 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 ...this trade just keeps this trade moving to try to collect $800+ every month. Nothing more, nothing less. | ||||
| Breakdown of the profit for the 2nd trade (ROLL) | ||||
| STRIKE | PREM | CONTRACTS | BUYBACK | EXPIRE |
| $15.00 | $0.22 | 40 | $0.00 | Mar-4 |
| CoC% | CoC$ | |||
| 1.52% | $880.00 | |||
| 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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