| All rights reserved - Core Position Trading, LLC-2022 | ||||
 | CLOSEOUT TRADE | |||
| POOR MAN'S COVERED CALL POSITION CLOSEOUT | CLOSEOUT | |||
 | TIME AND DATE STAMP | |||
| Thursday, March 3, 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 PMCC TRADE ENDED IN A PROFIT | ||||
| INVESTED | LEAPS SALE | LEAPS | CoC% | CoC$ |
| -$5,200.00 | $6,116.00 | 2 | 17.62% | $916.00 |
 | CCW | CCW PREM | ||
| 1 | -$270.00 | |||
| TOTAL PROFIT | ||||
| 12.42% | $646.00 | |||
| THIS TRADE LASTED (30) DAYS 12.42% ON CASH INVESTED | ||||
| 30 | February 22, 2022 | March 24, 2022 | ||
| DETAILS FOR THIS COVERED CALL TRADE ARE AS FOLLOWS | ||||
| WHY I CLOSED this PMCC CCW Trade > With tomorrow being expiration and MRK clearly going to finish above my strike price, I've decided to let MRK trade where its at, taking this profit off the board and re-visiting this trade again later when money flows back in the Techs, out of mature stocks like MRK and we can do this again when MRK is trading lower ... not 12.42% gain on money invested. | ||||
| Details LEAP Call option I'm using for this PMCC | ||||
| SYMBOL | LEAP | STRIKE | PAID | INVESTMENT |
| MRK | Jan2023 | $50.00 | -$26.00 | $5,200.00 |
| WHY I OPENED this PMCC CCW Trade - As I posted this morning in a possible PMCC trade idea on MRK I thought with MRK trading in the lower band of its trading range this could be a great start for an OTM CCW and make a decent return on my investment ... using basically an investment of money worth 100 shares I do 3 and get 3 times the CCW premium profit ... for now | ||||
| CONTRACTS | 2 | DELTA | 0.97 | YES |
| 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 | .+/- % | ||
| -$26.00 | $30.58 | 17.62% | ||
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| 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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