| All rights reserved - Core Position Trading, LLC - 2021 | ||||
 | OPTION EXPIRES | |||
| CASH SECURED PUT - SHARES ASSIGNED | CLOSED | |||
| Cash Secured Put position was closed on | ||||
| TIME AND DATE STAMP | Friday, March 11, 2022 | |||
TQQQ | ||||
| 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'. | ||||
| My brief explanation for this trade and how it closed | ||||
| MINDSET WHEN OPENED - Below I explain why I did this trade | ||||
| CSP - TQQQ is trading near a $53 again and I feel comfortable with this price ... and with being paid $5.30 I have some good downside protection if needed... this is a pure momentum trade as I think the markets will rally next week and I will buy back and move on. | ||||
| WHEN TRADE CLOSES - I explain my thoughts on how this closed out. | ||||
| Trade is CLOSED - I've decided to be assigned these shares which are trading some -12pts lower then my $54 cost basis (not using premium for cost basis) so now I will do a 30 day covered call to generate premium as this is what I'm in this for. MY COST BASIS IS $54 for these TQQQ shares (being I need the premium to pay the bills in retirement, no premium is used for cost basis reduction in this trade) | ||||
| The Headline Krum! (ACTUAL RESULT) | ||||
| TRADE KRUM! | DAYS | Cash on Cash % | CONTRACTS | SHARES |
| $1,078.00 | 28 | 9.98% | 2 | 200 |
| Below are the details of the Buy Back | ||||
| ORIGINAL PREM | BUY BACK PRICE | DIFFERENCE | PREMIUM PROFIT | |
| $5.39 | $0.00 | $5.39 | $1,078.00 | |
| Max Profit Projections for this trade (EXPECTATION) | ||||
| COMPANY | SYMBOL | SHARES | PRICE | TOTAL COST |
| TQQQ | TQQQ | 200 | $53.30 | $10,800.00 |
| EXPIRATION DATE | DAYS | STRIKE | OPTION | CoC % GAIN |
| Mar-11 | 28 | $54.00 | $5.39 | 9.98% |
| DIVIDEND | DIVIDEND GAIN | OPTION GAIN | STOCK GAIN | TOTAL KRUM |
| $0.00 | $0.00 | $1,078.00 | $140.00 | $1,218.00 |
| All calculations above are based on collecting [ Stock move + CCW + DIV if offered] | ||||
| Yes - because this was a CSP, I was put the shares and at the time of this posting I do own those shares. I am by no means recommending this stock for purchase | ||||
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| All of my CPT Abbreviations and Acronyms can be found below | ||||
| https://cptdashboard.blogspot.com/2021/02/CPT-lingo.html | ||||
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