| All rights reserved - Core Position Trading, LLC-2022 | ||||
 | NEW PMCC TRADE | |||
| PMCC COVERED CALL TRADE WAS OPENED TODAY | OPEN | |||
SQ |  | TIME AND DATE STAMP | ||
| Friday, February 25, 2022 | ||||
| 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 (28) day trade begins and ends for the dates below | ||||
| 28 | February 25, 2022 | March 25,2022 | ||
| DETAILS FOR THIS COVERED CALL TRADE ARE AS FOLLOWS | ||||
| Today, (2) Covered Call contract(s) were sold (ticker: SQ) for the Mar-25 Expiration Date, $$135.00 Strike Price for a Premium of $2.20 > SQ was trading for $$110.62 a share. | ||||
| Details of this 30 Day CCW / ~30 DELTA Strike | $440.00 | |||
| EXPIRATION DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Mar-25 | 2 | $135.00 | $2.20 | $440.00 |
| WHY I OPENED this PMMC CCW - SQ rocks higher this morning after earnings and is up some 15+ % ... using the 19 Delta, $135 Strike Im going to watch this play out and will manage this trade if my strike is challenged ... I will ROLL regardless as my cost basis on this LEAPS is deep underwater. But hey, its a premium trade, so we collect premium. I used the 19 DELTA so I can manage this trade should it move fast to the Strike Price | ||||
| DAYS | 28 | DELTA | 0.2716 | YES |
| Details LEAP Call option I'm using for this PMCC | ||||
| SYMBOL | LEAP | STRIKE | PAID | INVESTMENT |
| SQ | Jan2023 | $80.00 | $88.51 | -$17,702.00 |
| CONTRACTS | 2 | DELTA | 0.94 |  |
| 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 | .+/- % | ||
| $88.51 | $41.47 | -53.15% | ||
| NOTE: THIS IS NOT FACTORED INTO ANY CALCULATIONS ... just showing | -$9,408.00 | |||
| DETAILS [ LEAP PURCHASE + ALL CCW PROFITS/LOSSES] | ||||
| TRADES | INVESTED | MADE | Cash on Cash % | |
3 | -$17,702.00 | $1,388.00 | 7.84% | |
| DOES NOT INCLUDED THE CURRENT AS IT IS NOT CLOSED YET (SEE ABOVE) | ||||
| How have I done with all trades using this LEAP? | $1,388.00 | |||
| DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Dec-21 | 2 | $180.00 | $3.74 | $748.00 |
| WHY I CLOSED this PMCC CCW Trade > with over 2 weeks left and only 0.26 left on this $4 CCW ... I buy this back and will look to find another 30 Delta trade if I can. | ||||
| Jan-6 | 2 | $165.00 | $1.95 | $390.00 |
| WHY I CLOSED this PMCC CCW Trade > Receiving $2.40 and this CCW option falling to a mere 0.44 cents with over 2 weeks left, I bought back and will roll ahead to probably the Feb-18 expire and do the 30 Delta ... as for now, we pocket this picking up another Krum using these LEAPS. | ||||
| Jan-18 | 2 | $155.00 | $1.25 | $250.00 |
| WHY I CLOSED this PMCC CCW Trade - the option fell to under -50% and with SQ now down under $125 I can roll down to the $140 strike and feel i wont be challenged and collect some more cash flow ... i will push back the expire to Feb-25 to collect more prem ... have not doen this yet .. waiting | ||||
| 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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