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 | NEW CCW TRADE | ||||||||
| STANDARD COVERED CALL TRADE IS NOW | OPEN | ||||||||
| DAYS | THIS NEW TRADE TRADE BEGINS AND ENDS | ||||||||
| 32 | March 21, 2022 | April 22, 2022 | |||||||
TNA | 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'. | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today, (2) Covered Call contract(s) were sold on CCW (ticker: TNA) for the Apr-22 Expiration Date, $2.1 Strike Price for a Premium of $73 > TNA was trading for $64.39 a share. | |||||||||
| I already owned these shares with an original cost basis of $73 With TNA trading @ $64.39 at the start of this trade I'm (+/-) $-8.61 per share. | |||||||||
| PREMIUM ONLY TRADE | |||||||||
| Because I received my shares through a CSP much higher, if my shares are taken I will not make any money on the sale of the shares at this strike price. | |||||||||
| Stock Price - placed | Date | Total Prem$ | Contracts | ||||||
| $64.39 | Mar-21 | $2.10 | 2 | ||||||
| Strike Price | Expire | Days | Premium Profit | ||||||
| $73.00 | Apr-22 | 32 | $419.50 | ||||||
| WHY I OPENED this CCW > I obtained these TNA shares through a CSP with a $73 Strike ... so were going to do our first CCW using the $73 strike getting some $2.10 here, combined with the CSP premium of $7.07 > How did I get the CSP number? $5.08 for the CSP > Paid -$13.00 to roll it > received $14.99 = the difference is a +$7.07 so this would be a $9.17 GAIN on a stock that hadn't moved much IF my shares are taken. | |||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $73.00 | CSP | 500 | -$36,500.00 | ||||||
| Current Price | My Cost | Shares | Up or Down? | ||||||
| $63.89 | $73.00 | 500 | -$4,555.00 | ||||||
| WOULD I ADVISE YOU TAKING THIS TRADE? | |||||||||
| TNA is a HIGHLY AGGRESSIVE STOCK and only the well experienced options trader should get involved. TNA is a 3x leveraged ETF that will swing in such violent price movements one could definitely being emotional effected if the stock falls.... so be careful but if you do trade this stock know that the premiums will pay you well for your efforts. I can help guide you through a trade if you have questions later I would say this ... TNA is trading right in the middle of where I think it will go ... Up or Down ... I'm hoping UP but if it were to fall I have it near $54ish ... if you want action on TNA be sure to check the charts ... I wouldn't get involved now but I sure would consider a Cash Secured Put first to collect premium up front like I did on this set of shares. Again, email me if you have questions... I'm always here > Make a Good Decision! | |||||||||
| 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. | |||||||||
| Remember, the content of this site is for informational and educational purposes only. If you invest using information contained here, do so at your own risk. Please read the full disclaimer posted below and visit cptdashboard.com for my privacy policy. | |||||||||
| Disclaimer - Yes - at the time of this posting I do own shares. I am by no means recommending this stock for purchase | |||||||||
| 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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