| All rights reserved - Core Position Trading, LLC-2022 | ||||
 | NEW PMCC TRADE | |||
| This was a Covered Call Trade opened using a Standard Covered Call (~30d) | ||||
| CLOSED a Poor Man's Covered Call position on | ||||
| TIME AND DATE STAMP | Wednesday, January 19, 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'. | ||||
| THIS CCW TRADE IS CURRENTLY CLOSED! | ||||
| This (19) day trade began and ended for the dates below | ||||
| 19 | January 19, 2022 | February 7, 2022 | ||
| Details of this 30 Day CCW / ~30 DELTA Strike | $250.00 | |||
| EXPIRATION DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Feb-18 | 10 | $15.00 | $0.25 | $250.00 |
| WHY I OPENED / ROLLED this PMMC CCW - With earnings being in mid Feb ... I feel RKT wont move much and feel it surely wont move to $15.00 can be managed... so Im playing this 25 Delta Strike ... if this Strike is challenged I will buy back the option and roll forward to avoid having shares taken, | ||||
| DAYS | 30 | DELTA | 0.2805 |  |
| CASH PROFIT PROJECTIONS PREMIUM ONLY! CAN NOT HAVE SHARES TAKEN! | ||||
| BELOW LEAPS AND PAST CCW I'VE COMPLETED! | ||||
| Everything below recaps what Ive already completed using this LEAPS Call Option | ||||
| DETAILS [ LEAP PURCHASE + ALL CCW PROFITS/LOSSES] | ||||
| TRADES | INVESTED | MADE | CCW Cash on Cash % | |
6 | -$8,740.00 | $850.00 | 9.73% | |
| Details LEAP Call option I'm using for this PMCC | -$8,740.00 | |||
| SYMBOL | LEAP | STRIKE | PAID | INVESTMENT |
| RKT | Jan2023 | $8.43 | $8.74 | |
| PMMC - Rocket is trading in such a range ... and it hasn't been able to get back into the 20's ... I feel Wall Street will wait for earnings to start moving it ... I feel it has less downside ... so enter here is what I feel is a good stop where even if earnings isn't perfect the stock has been beaten down such that Wall Street won't crush it ... | ||||
| CONTRACTS | 10 | DELTA | 0.95 | |
| 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 | .+/- % | ||
| $8.74 | $4.90 | -43.94% | ||
| NOTE: THIS IS NOT FACTORED INTO ANY CALCULATIONS ... just showing | $0.00 | |||
| How have I done with all trades using this LEAP? | $850.00 | |||
| DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Aug-9 | 5 | $19.50 | -$0.12 | -$60.00 |
| Trade is CLOSED - RKT beats earnings and heads higher to my $19.50 strike ... with the PMCC, I can not let my shares be taken so we buy back the option and roll it higher which I did ... doing the $21 strike | ||||
| Aug-13 | 5 | $21.00 | $0.37 | $185.00 |
| Trade is CLOSED - Bought option back as it was going to expire worthless and I wanted to roll forward in time for another credit | ||||
| Aug-13 | 5 | $21.00 | $0.41 | $205.00 |
| Trade is CLOSED - Bought option back as it was going to expire worthless and I wanted to roll forward in time for another credit | ||||
| Nov-15 | 5 | $18.89 | $0.28 | $140.00 |
| Trade is CLOSED - Bought option back as it was going to expire worthless and I wanted to roll forward in time for another credit | ||||
| Dec-3 | 5 | $17.00 | $0.34 | $170.00 |
| WHY I CLOSED this PMCC CCW Trade - 10 days left, option almost worthless and this being a PMCC trade Im all about rolling and rolling so I will dial up another 30 day, 30 Delta :) | ||||
| Jan-19 | 10 | $15.00 | $0.21 | $210.00 |
| WHY I CLOSED this PMCC CCW Trade > 2 weeks left, probably no chance of RKT hitting my $15 strike ... but want to see if I can ROLL this trade but might hold off and let earnings pass ... for now, its a krum and we'll try to keep this going. | ||||
| 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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