| All rights reserved - Core Position Trading, LLC-2022 | ||||
 | NEW PMCC TRADE | |||
| PMCC COVERED CALL TRADE WAS OPENED TODAY | OPEN | |||
PYPL |  | TIME AND DATE STAMP | ||
| Friday, March 18, 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 (27) day trade begins and ends for the dates below | ||||
| 27 | March 18, 2022 | April 14, 2022 | ||
| Details of this 30 Day CCW / ~30 DELTA Strike | $206.00 | |||
| EXPIRATION DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Apr-14 | 2 | $130.00 | $1.03 | $206.00 |
| WHY I OPENED this PMMC CCW - PayPal is moving higher ... having dipped into the mid 90's and now moving above $113 ... I feel this could be a good strike to make decent premium and not have my strike challenged. I will manage it as you know my cost is much much higher ... but we HAVE to keep ROLLING this trade. | ||||
| DAYS | 27 | DELTA | 0.2716 | YES |
| Details LEAP Call option I'm using for this PMCC | -$16,808 | |||
| SYMBOL | LEAP | STRIKE | PAID | INVESTMENT |
| PYPL | Jan2023 | $84.04 | $84.04 | |
| CONTRACTS | 2 | DELTA | 0.95 | 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 | .+/- % | ||
| $84.04 | $29.35 | -65.08% | ||
| NOTE: THIS IS NOT FACTORED INTO ANY CALCULATIONS ... just showing | -$10,938 | |||
| DETAILS [ LEAP PURCHASE + ALL CCW PROFITS/LOSSES] | ||||
| TRADES | INVESTED | MADE | Cash on Cash % | |
8 | -$16,808.00 | $2,284.00 | 13.59% | |
| THIS DOES INCLUDED ALL CCW TRADES. This included this ACTIVE trade. | ||||
| How have I done with all trades using this LEAP? | $2,078 | |||
| DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Nov-30 | 1 | $200.00 | $2.85 | $285.00 |
| WHY I CLOSED this PMCC CCW Trade - With PYPL not getting to $200 and chances are they wont by the 31st ... I looked at another 30day, 30 Delta and I can pick up another $3.50ish so Im going to try to keep this going ... | ||||
| Dec-27 | 1 | $205.00 | $2.25 | $225.00 |
| WHY I CLOSED this PMCC CCW Trade > PayPal with the rest of the markets, falling, so my $3.99 option fell to a 1/4 of that to $1 and with over 18 days left ... we buy back and roll this again ... | ||||
| Jan-11 | 1 | $200.00 | $3.54 | $354.00 |
| WHY I CLOSED this PMCC CCW Trade > was paid a healthy $5.20 for this originail CCW and it fell to $1.66 ... way before the Feb-11 expire date ... so we buy back, pocket that prem, push out to the Feb-18 and collect another credit if possible which is my plan | ||||
| Jan-18 | 1 | $190.00 | $2.18 | $218.00 |
| WHY I CLOSED this PMCC CCW Trade PYPL is getting slammed just like others, so with this option falling - 50% I bought back and will be looking to roll down and make another credit. | ||||
| Jan-31 | 2 | $190.00 | $2.53 | $506.00 |
| WHY I CLOSED this PMCC CCW Trade > PayPal getting crushed after earnings and were not going to wait over a month for this 0.27 to clear ... we BB and will re-visit this trade in about 3 days ... we will keep the LEAPS and will keep doing CCW on them. | ||||
| Feb-4 | 2 | $140.00 | $1.46 | $292.00 |
| WHY I CLOSED this PMCC CCW Trade over 20+ days to make 0.25? I think we close this and look for another trade a little tighter to where PYPL is trading as I can see this stock just lagging down here for a bit. | ||||
| Feb-14 | 2 | $130.00 | $0.99 | $198.00 |
| WHY I CLOSED this PMCC CCW Trade > markets still falling and this option, with almost 3 1/2 weeks left was way under the -50% for my to think buying back, we will take this trade off the trade and ROLL for another when the time is right. | ||||
| 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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