| All rights reserved - Core Position Trading, LLC-2022 | |||||||||
 | NEW CCW TRADE | ||||||||
| 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'. | |||||||||
| STANDARD COVERED CALL TRADE IS NOW | OPEN | ||||||||
| DAYS | THIS NEW TRADE TRADE BEGINS AND ENDS | ||||||||
| 35 | March 18, 2022 | April 22, 2022 | |||||||
TQQQ | 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'. | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE ARE AS FOLLOWS | |||||||||
| Today, (2) Covered Call contract(s) were sold on TQQQ (ticker: TQQQ) for the Apr-22 Expiration Date, $54 Strike Price for a Premium of $3.25 > TQQQ was trading for $50.99 a share. | |||||||||
| I already owned these shares with an original cost basis of $54 With TQQQ trading @ $50.99 at the start of this trade I'm (+/-) $-3.01 per share. | |||||||||
| Stock Price - placed | Date | Total Prem$ | Contracts | ||||||
| $50.99 | Mar-18 | $3.25 | 2 | ||||||
| Strike Price | Expire | Days | Premium Profit | ||||||
| $54.00 | Apr-22 | 35 | $650.00 | ||||||
| WHY I OPENED this CCW > Having been assigned these TQQQ shares last Friday @ $54 ... and with TQQQ now trading where I can sell a CC with a strike price at my stock purchase price ... this would pay me $3.25 for this trade and remembering that I received like $5.35 for the Cash Secured Put... that would be a 15.9% gain on shares that literally moved NO WHERE since getting involved with it again ... love this trade | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $54.00 | CSP | 200 | -$10,800.00 | ||||||
| WOULD I ADVISE YOU TAKING THIS TRADE? | |||||||||
| TQQQ is a HIGHLY AGGRESSIVE STOCK and only the well experienced options trader should get involved. is a 3x leveraged ETF that will swing in such violent price movements one could definitely being emotional effected if the stock falls. I myself recently experienced this when I sold a CSP on TQQQ @ $74 and now its trading near $50 ... 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 | |||||||||
| 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. | |||||||||
| 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 | |||||||||
| 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'. | |||||||||
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