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 | NEW CCW TRADE | ||||||||
| STANDARD COVERED CALL TRADE IS NOW | ROLLED | ||||||||
| NEW Covered Call position has been ROLLED on | |||||||||
| TIME AND DATE STAMP | Monday, May 16, 2022 | ||||||||
| RKT | |||||||||
| 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 RKT TRADE HAS BEEN CLOSED (RESULTS BELOW) | |||||||||
| Rocket | RKT | ||||||||
| Strike Price was | Expire was | Closed on | Days on | ||||||
| $9.05 | May-27 | May-16 | 11 | ||||||
| Premium was | Buy Back was | Total Premium Cah Flow I made | |||||||
| $0.24 | $0.04 | $800.00 | |||||||
| -50% Rule? | Percentage Down | ||||||||
| YES | -83.33% | ||||||||
| WHY I CLOSED this CCW Trade > Rocket earnings out, disappointed a bit and will not reach this strike ... clearly I could have let this go to expiration and keep all of the premium but figure I will give back 4 cents and will look to sell a CCW for June, try to use a 30 delta strike for ~$800 ... we'll see. | |||||||||
| NEW RKT TRADE HAS BEEN OPENED AND IS ACTIVE (RESULTS BELOW) | |||||||||
| Stock Price - placed | Date | Total Prem$ | Contracts | ||||||
| $8.33 | May-16 | $0.25 | 40 | ||||||
| New Strike Price | New Expire | Days | Premium Cash Flow | ||||||
| $10.00 | Jun-24 | 39 | $978.00 | ||||||
| WHY I OPENED this CCW Trade > in line with my goal with this trade for which I down ... trying to pick up 0.25 a month which is near $900 ... in this case it $978 ... I will monitor this throught out the month and will not let my shares go if this strike is challenged unless a serious up way hits me ... then would decide but for now, lets just keep this trade rolling. | |||||||||
| 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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