| All rights reserved - Core Position Trading, LLC-2022 | ||||
 | NEW CCW TRADE | |||
| Covered Call Option Buy Back / New Covered Call Trade | ||||
| Covered Call position was closed and opened on | ||||
| TIME AND DATE STAMP | Wednesday, March 30, 2022 | |||
BMY | ||||
| 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 the trades | ||||
| WHY I CLOSED EARLY | ||||
| WHY I CLOSED this CCW Trade > I had to do this to avoid having my shares taken ... I take a hit here but will ROLL UP in strike and expire hoping BMY will cool a bit and peel back, but will manage if need be | ||||
| Breakdown of the profit for the 1st trade (BUYBACK) | ||||
| STRIKE | PREM | CONTRACTS | BUYBACK | % +/- |
| $73.00 | $0.60 | 5 | -$1.30 | -0.98% |
| CASH PROFITS > | -$350.00 | |||
| WHY I ROLLED | ||||
| THE PREMIUM PROFIT IS ONLY 0.52 cents BETWEEN THE 2 TRADES ... it's why the Premium profit number is LOW > WHY I OPENED this CCW > feeling BMY will not sell off today as other investors want to be on record for the dividend I was going to have these shares taken... so I ROLL UP and we play the game ... this trade allows me to make BACK my BB cost from the last trade and a little krum + the dividend :) > ALSO, I will be the share holder on record and will collect the dividend | ||||
| Breakdown of the possible profit for the 2nd trade (ROLL) | ||||
| STRIKE | PREM | CONTRACTS | BUYBACK | EXPIRE |
| $74.00 | $1.22 | 5 | $0.00 | Apr-29 |
| CoC% | CoC$ | |||
| 2.39% | $260.00 | |||
| Disclaimer - Yes - at the time of this posting I do own 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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