| All rights reserved - Core Position Trading, LLC-2022 | ||||
 | NEW PMCC TRADE | |||
| PMCC COVERED CALL TRADE WAS OPENED TODAY | ROLLED | |||
RKT | TIME AND DATE STAMP | |||
| Monday, March 21, 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 (32) day trade begins and ends for the dates below | ||||
| 32 | March 21, 2022 | April 22, 2022 | ||
| DETAILS FOR THIS COVERED CALL TRADE ARE AS FOLLOWS | ||||
| Today, (10) Covered Call contract(s) were sold (ticker: RKT) for the Apr-22 Expiration Date, $11.99 Strike Price for a Premium of 0.21 > RKT was trading for $10.74 a share. | ||||
| Details of this 30 Day CCW / ~30 DELTA Strike | $210.00 | |||
| EXPIRATION DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Apr-22 | 10 | $11.99 | $0.21 | $210.00 |
| WHY I OPENED this CCW Trade > ROLLING THIS LAST CCW WITH THIS ONE > With Rocket not jumping off the charts with no news coming out that would have the stock move higher anytime soon ... I just figure we'll do another 30 day OTM strike and keep this $200+ krum trade coming in ... at this point RKT is down and I just need to milk it for all I can this year. | ||||
| DAYS | 32 | DELTA | 0.2805 | YES |
| Details LEAP Call option I'm using for this PMCC | ||||
| SYMBOL | LEAP | STRIKE | PAID | INVESTMENT |
| RKT | Jan2023 | $8.43 | $8.75 | -$8,750.00 |
| PMMC - Rocket is trading in such a range ... and it hasn't been able to get back into the 20's ... I feel Wall Street will wait for earnings to start moving it ... I feel it has less downside ... so enter here is what I feel is a good stop where even if earnings isn't perfect the stock has been beaten down such that Wall Street won't crush it ... | ||||
| CONTRACTS | 10 | DELTA | 0.94 | 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 | .+/- % | ||
| $8.75 | $4.39 | -49.83% | ||
| NOTE: THIS IS NOT FACTORED INTO ANY CALCULATIONS ... just showing | -$4,360.00 | |||
| DETAILS [ LEAP PURCHASE + ALL CCW PROFITS/LOSSES] | ||||
| TRADES | INVESTED | MADE | Cash on Cash % | |
8 | -$8,750.00 | $1,575.00 | 18.00% | |
| DOES INCLUDED THE CURRENT (SEE ABOVE) | ||||
| How have I done with all trades using this LEAP? | $1,365.00 | |||
| DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Aug-9 | 5 | $19.50 | -$0.12 | -$60.00 |
| Trade is CLOSED - RKT beats earnings and heads higher to my $19.50 strike ... with the PMCC, I can not let my shares be taken so we buy back the option and roll it higher which I did ... doing the $21 strike | ||||
| Aug-13 | 5 | $21.00 | $0.37 | $185.00 |
| Trade is OPEN - I will add commentary when this trade closed | ||||
| Aug-13 | 5 | $21.00 | $0.41 | $205.00 |
| Trade is OPEN - I will add commentary when this trade closed | ||||
| Nov-15 | 5 | $18.89 | $0.28 | $140.00 |
| Trade is OPEN - I will add commentary when this trade closed | ||||
| Dec-3 | 5 | $17.00 | $0.34 | $170.00 |
| WHY I CLOSED this PMCC CCW Trade - 10 days left, option almost worthless and this being a PMCC trade Im all about rolling and rolling so I will dial up another 30 day, 30 Delta :) | ||||
| Jan-4 | 10 | $16.50 | $0.29 | $285.00 |
| Trade is OPEN - RKT just drifting and with only 0.05 cents left with 3 weeks left ... buy back to roll forward for another credit I hope | ||||
| Jan-19 | 10 | $15.00 | $0.21 | $210.00 |
| WHY I CLOSED this PMCC CCW Trade > 2 weeks left, probably no chance of RKT hitting my $15 strike ... but want to see if I can ROLL this trade but might hold off and let earnings pass ... for now, its a krum and we'll try to keep this going. | ||||
| Mar-1 | 10 | $14.99 | $0.23 | $230.00 |
| WHY I CLOSED this PMCC CCW Trade with over 20 days left on this option and only a mere 0.02 cents to collect, I've decided to ROLL this option down and out for another 31 day CC krum trade. | ||||
| 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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