| All rights reserved - Core Position Trading, LLC-2022 | ||||
 | NEW CCW TRADE | |||
| COVERED CALL CLOSEOUT TRADE (Option Buy Back + Stock Sold) | CLOSED | |||
UDOW | TIME AND DATE STAMP | |||
| Tuesday, March 22, 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'. | ||||
| BASIC TRADE SETUP DETAILS (If Shares Taken) | ||||
| PURCHASE | STRIKE | PREMIUM | SHARES | $ PROFIT |
| $60.85 | $62.00 | $5.30 | 200 | $1,290.00 |
| REMEMBER, ALL CALCULATIONS FOR THIS TRADE ARE BASED ON WHERE THE STOCK WAS TRADING WHEN THIS TRADE WAS PLACED AND *NOT* MY STOCK PURCHASE PRICE. | ||||
| BRIEF EXPLANATION WHY I DID THIS TRADE | ||||
| MINDSET WHEN OPENED - Below I explain why I did this trade | ||||
| WHY I OPENED this CCW Trade - as I emailed, the DOW is in correction mode and using this as a buy low, sell premium moment I TRIED to get $6.10 but that didn't happen ... checking my expectations at the door as the UDOW kept falling, I did a LIMIT order (never do Market in a falling market) and got a respectable $5.30 or $1,058 ... hoping my shares are taken by Apr-14 | ||||
| HOW IT ENDED DETAILS (Bought Back Option, Sold Shares) | ||||
| OPTION BB | REAL$ IN OPTION | TV COST | PROFIT | TOTAL |
| $12.15 | $11.22 | $0.93 | $874.00 | $1,104.00 |
| PURCHASE | STRIKE | SHARES | PROFIT | |
| $60.85 | $62.00 | 200 | $230.00 | |
| BUY BACK GOLDEN RULE: I SOLD THE SHARES IMMEDINTALLY AFTER THE BUY BACK TO AVOID LOSING MONEY IF THE STOCK WERE TO FALL WHILE HOLDING IT. | ||||
| WHEN TRADE CLOSES - I explain my thoughts on how this closed out. | ||||
| WHY I CLOSED this CCW Trade > With my Time Value on this trade being 0.93 and having over 22 days left I just felt if I could close it I can make up that 0.93 somewhere else ... so we buy back and move on. Some will say "0.93 cent buy back is just too much" ... because I have over 22 days and UDOW having tons of TV built into it until the final day of this trade ... it will probably cost me this even in the final week so I just close it and use this money else where | ||||
| Disclaimer - No - at the time of this posting I did not own the shares of this equity ... I risk my own money on this trade and am accountable for the trade results | ||||
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