| All rights reserved - Core Position Trading, LLC-2022 | ||||
 | NEW PMCC TRADE | |||
| PMCC COVERED CALL TRADE WAS OPENED TODAY | OPEN | |||
XLF | TIME AND DATE STAMP | |||
| Thursday, June 23, 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 (29) day trade begins and ends for the dates below | ||||
| 29 | June 23, 2022 | July 22, 2022 | ||
| DETAILS FOR THIS COVERED CALL TRADE ARE AS FOLLOWS | ||||
| Today, (2) Covered Call contract(s) were sold (ticker: XLF) for the 44764 Expiration Date, $32.5 Strike Price for a Premium of $0.47 > XLF was trading for $31.17 a share. | ||||
| This is the (4th) trade I've done with these LEAPS Call Options | ||||
| Details of this 30 Day CCW / ~30 DELTA Strike | $94.00 | |||
| EXPIRATION DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Jul-22 | 2 | $32.50 | $0.47 | $94.00 |
| WHY I OPENED this CCW > Feeling this strike price is one i can manage ... we dip our toes into the water for this little baby krum ... its not much but for the money invested is a decent CoC% for 29 days ... will manage this and see how it goes ... I WILL NOT have shares taken as Im under water on this trade now. | ||||
| DAYS | 29 | DELTA | 0.2716 | YES |
| Details LEAP Call option I'm using for this PMCC | ||||
| SYMBOL | LEAP | STRIKE | PAID | INVESTMENT |
| XLF | Jan2023 | $21.00 | $18.60 | -$3,720.00 |
| CONTRACTS | 2 | 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 | .+/- % | ||
| $18.60 | $12.75 | -31.45% | ||
| NOTE: THIS IS NOT FACTORED INTO ANY CALCULATIONS ... just showing | -$1,170.00 | |||
| DETAILS [ LEAP PURCHASE + ALL CCW PROFITS/LOSSES] | ||||
| TRADES | INVESTED | MADE | Cash on Cash % | |
3 | -$3,720.00 | $236.00 | 6.34% | |
| DOES NOT INCLUDED THE CURRENT AS IT IS NOT CLOSED YET (SEE ABOVE) | ||||
| How have I done with all trades using this LEAP? | $236.00 | |||
| DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Mar-25 | 2 | $39.50 | $0.66 | $132.00 |
| WHY I CLOSED this PMCC CCW Trade > XLF has fallen , my option has fallen -70% of its value in this very short window ... I probaly could have let this run a little longer without a buy back but have decided to ROLL it down. | ||||
| Apr-1 | 2 | $39.00 | $0.53 | $104.00 |
| WHY I CLOSED this PMCC CCW Trade > 0.01 or $1.00 to close this 5 days early ... I can do that ... now will look to ROLL this ... I might even ADD another LEAPS to this trade to make the premiums more worth the risk :) | ||||
| May-10 | 2 | $35.00 | $0.56 | $112.00 |
| WHY I CLOSED this PMCC CCW Trade > trade closed worthless, so we will look to roll this even as the markets have fallen again | ||||
| 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 | ||||
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