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 | NEW CSP TRADE | ||||||||
| Standard Cash Secured Put Trade | |||||||||
| NEW Cash Secured Put position was ROLLED on | |||||||||
| TIME AND DATE STAMP | Friday, January 14, 2022 | ||||||||
| TQQQ |  | ||||||||
| 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'. | |||||||||
| THE CLOSED CSP TRADE HAS BEEN CLOSED (RESULTS BELOW) | |||||||||
| TQQQ | TQQQ | | |||||||
| Strike Price | Expire | Closed | Days | ||||||
| $70.00 | Feb-18 | Feb-17 | 34 | ||||||
| Premium was | Buy Back | Total Premium Profit I made | |||||||
| $5.35 | $14.85 | -$1,900.00 | |||||||
| WHY I CLOSED this CSP Trade - with the markets falling the TQQQ is having a hell of a time trying to get up ... so with expiration being tomorrow, i decided to ROLL this CSP out another month ... this close and that new open position will make this profitable if I'm not assigned. | |||||||||
| THE NEW CSP TRADE HAS BEEN OPENED AND IS ACTIVE (RESULTS BELOW) | |||||||||
| Stock Price - placed | Date | Total Prem$ | Contracts | ||||||
| $55.04 | Feb-17 | $15.40 | 2 | ||||||
| Strike Price | Expire | Days | Premium Profit | ||||||
| $70.00 | Mar-18 | 29 | $3,080.00 | ||||||
| WHY I OPENED this CSP Trade - TQQQ will take a bit longer to get back to where I think this market should be so I am just rolling this out another 30 days, picking up this credit to pay for the debit of the buy back ... IF not assigned I will wash out the 2 trades with a modest $5.90 per shares profit ... not much for 60 days but its a credit and were all about collecting credits now | |||||||||
| 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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