| All rights reserved - Core Position Trading, LLC-2022 | ||||
 | NEW PMCC TRADE | |||
| Covered Call Trade opened using a Standard Covered Call (~30d) | ||||
| NEW Poor Man's Covered Call CLOSE and ROLL | ||||
| TIME AND DATE STAMP | Tuesday, February 8, 2022 | |||
Gilead |  | |||
| 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 (31) day trade begins and ends for the dates below | ||||
| 31 | February 8, 2022 | March 11, 2022 | ||
| Details of this 30 Day CCW / ~30 DELTA Strike | $102.00 | |||
| EXPIRATION DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Mar-11 | 3 | $69.00 | $0.34 | $102.00 |
| WHY I OPENED this PMMC CCW - GILD, as much as I would have loved my shares being taken at $72.50 wont get there anytime soon ... so we buy back for a krum then roll for another krum ... if my shares are taken at this price ($69) my LEAPS price will have a value of $19.69 ... which is more then I paid ... lets see how this plays out. Earnings have past so i expect a smooth ride sideways to up IF the markets are steady | ||||
| DAYS | 31 | DELTA | .30 | YES |
| DETAILS [ LEAP PURCHASE + ALL CCW PROFITS/LOSSES] | ||||
| TRADES | INVESTED | MADE | Cash on Cash % | |
1 | -$5,760.00 | $261.00 | 4.53% | |
| Details LEAP Call option I'm using for this PMCC | -$5,760.00 | |||
| SYMBOL | LEAP | STRIKE | PAID | INVESTMENT |
| GILD | Jan2023 | $50.00 | $19.20 | |
| CONTRACTS | 3 | DELTA | 0.97 |  |
| 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 | .+/- % | ||
| $19.20 | $14.75 | -23.18% | ||
| NOTE: THIS IS NOT FACTORED INTO ANY CALCULATIONS ... just showing | -$1,335.00 | |||
| How have I done with all trades using this LEAP? | $261.00 | |||
| DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Jan-20 | 3 | $72.50 | $0.87 | $261.00 |
| WHY I CLOSED this PMCC CCW Trade > with just 0.04 left of this $0.90 cent CCW ... we buy back and look for another 30 day trade to keep this rolling. | ||||
| 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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