| All rights reserved - Core Position Trading, LLC-2022 | ||||
 | NEW PMCC TRADE | |||
| PMCC COVERED CALL TRADE WAS OPENED TODAY | OPEN | |||
GILD |  | TIME AND DATE STAMP | ||
| Monday, May 16, 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 (25) day trade begins and ends for the dates below | ||||
| 25 | May 16, 2022 | June 10, 2022 | ||
| DETAILS FOR THIS COVERED CALL TRADE ARE AS FOLLOWS | ||||
| Today, (3) Covered Call contract(s) were sold (ticker: GILD) for the Jun-10th Expiration Date, $65 Strike Price for a Premium of $0.71 > GILD was trading for $62.44 a share. | ||||
| Details of this 30 Day CCW / ~30 DELTA Strike | $213.00 | |||
| EXPIRATION DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Jun-10 | 3 | $65.00 | $0.71 | $213.00 |
| WHY I OPENED this CCW Trade > WE HAVE WORK TO DO! > electing to dance rather wait for GILD's ex-date ... I used this $65 strike which was the 27.5 Delta ... which suggests this strike has a 27.5% chance of getting there by Jun-10th ... so I will manage this trade again ... maybe I should have waited ... but will do what I have to do to not have my strike challenged and shares taken. | ||||
| DAYS | 25 | DELTA | .30 | YES |
| Details LEAP Call option I'm using for this PMCC | ||||
| SYMBOL | LEAP | STRIKE | PAID | INVESTMENT |
| GILD | Jan-20 | $50.00 | $19.20 | $5,760.00 |
| CONTRACTS | 3 | DELTA | 0.98 | 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 | .+/- % | ||
| $19.20 | $13.30 | -30.73% | ||
| NOTE: THIS IS NOT FACTORED INTO ANY CALCULATIONS ... just showing | -$1,770.00 | |||
| DETAILS [ LEAP PURCHASE + ALL CCW PROFITS/LOSSES] | ||||
| TRADES | INVESTED | MADE | Cash on Cash % | |
4 | $5,760.00 | -$129.00 | -2.24% | |
| DOES NOT INCLUDED THE CURRENT AS IT IS NOT CLOSED YET (SEE ABOVE) | ||||
| How have I done with all trades using this LEAP? | -$129.00 | |||
| DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Jan-20 | 3 | $72.50 | $0.87 | $261.00 |
| WHY I CLOSED this PMCC CCW Trade > with just 0.04 left of this $0.90 cent CCW ... we buy back and look for another 30 day trade to keep this rolling. | ||||
| Feb-8 | 3 | $69.00 | $0.26 | $78.00 |
| WHY I CLOSED this PMCC CCW Trade > GILD is not going to get to $69 and this 0.08 cents is just sitting there ...so we buy back and look to ROLL | ||||
| Mar-3 | 3 | $65.00 | $1.19 | $357.00 |
| WHY I CLOSED this PMCC CCW Trade > with over 20 days left on this trade and only 0.15 cents to collect for this trades efforts (collected $1.34) I will not ROLL this option down both in price and expire date for more krums | ||||
| Apr-1 | Jan-2 | $61.00 | $0.42 | -$564.00 |
| WHY I CLOSED this PMCC CCW Trade > GILD is trading well over my strike and because Im currently DOWN on my LEAPS Call Option, I can not let these shares go ... so we buy back, ADDING cost, will ROLL it | ||||
| 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 | ||||
| © 2022 Core Position Trading, LLC and the CPT Dashboard - All Rights Reserved | Disclaimer | |||
-
