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 | CLOSED TRADES | ||||||||
| COVERED CALL / CASH SECURED PUT TRADES NOW | CLOSED | ||||||||
Today I closed multiple CCW / CSP trades basically at once and have consolidated the trades in this one post. | TIME AND DATE STAMP | ||||||||
| Friday, July 22, 2022 | |||||||||
| CLOSED THIS CCW TRADE > JUST TO AVOID HAVING SHARES TAKEN | |||||||||
| 3M Co | MMM |  | |||||||
| Strike Price was | Strike Price | Stock Price | Days on | ||||||
| $129.37 | $135.00 | $134.12 | 31 | ||||||
| Premium was | Buy Back was | Total Cash Flow I made | |||||||
| $2.00 | $0.10 | $380.00 | |||||||
| -50% Rule? | Percentage Down | ||||||||
| YES | -95.00% | ||||||||
| WHY I CLOSED this CCW Trade > wanting to just close this one as the markets had fallen and MMM wasnt falling as much so IF a late day rally came it seemed to surely rally above my strike ... so I pay the 0.10 cents and we move on... ROLL Monday!!! | |||||||||
| CLOSED THIS CCW TRADE > TO LOOK FOR ANOTHER ROLL | |||||||||
| Gilead Sciences | GILD |  | |||||||
| Strike Price was | Strike Price | Stock Price | Days on | ||||||
| $59.67 | $62.00 | $60.80 | 31 | ||||||
| Premium was | Buy Back was | Total Cash Flow I made | |||||||
| $0.71 | $0.07 | $192.00 | |||||||
| -50% Rule? | Percentage Down | ||||||||
| YES | -90.14% | ||||||||
| WHY I CLOSED this PMCC CCW Trade > I KNEW this wasn't going to finish above my strike but was in a CLOSING mood and just took off the board. I will ROLL for another possible cash flow credit Monday ... KEEP SPINNING! | |||||||||
| CLOSED THIS CCW TRADE > JUST TO AVOID HAVING SHARES TAKEN | |||||||||
| Financial SPDR | XLF | ||||||||
| Strike Price was | Strike Price | Stock Price | Days on | ||||||
| $31.17 | $32.50 | $32.75 | 29 | ||||||
| Premium was | Buy Back was | Total Cash Flow I made | |||||||
| $0.47 | $0.15 | $64.00 | |||||||
| -50% Rule? | Percentage Down | ||||||||
| YES | -68.09% | ||||||||
| WHY I CLOSED this PMCC CCW Trade > this one was scary BUT I bought back and made a tiny krum ... but here's what I kicked myself ... I could have bought back for 0.07 cents ... instead I played chicken, left my computer for a jog and came back and had to buy back double the cost as I had to leave for a fam event ... ugh! Anyway, no shares taken, we move on, will ROLL Monday | |||||||||
| CLOSED THIS TRADE > TO LOOK FOR ANOTHER ROLL | |||||||||
| Merck & Co | MRK |  | |||||||
| Strike Price was | Strike Price | Stock Price | Days on | ||||||
| $94.77 | $98.00 | $90.11 | 25 | ||||||
| Premium was | Buy Back was | Total Cash Flow I made | |||||||
| $1.21 | $0.02 | $595.00 | |||||||
| -50% Rule? | Percentage Down | ||||||||
| YES | -98.35% | ||||||||
| WHY I CLOSED this CCW Trade > this being one of my Double my Dividend trade I have no problem taking this trade off the board early and think about ROLLING it Monday ... I was in the buy back mood ... but come Monday we will put it in the game again! | |||||||||
| CLOSED THIS TRADE > JUST TO AVOID HAVING SHARES TAKEN | |||||||||
| 3M Co | MMM | | |||||||
| Strike Price was | Strike Price | Stock Price | Days on | ||||||
| $128.73 | $134.00 | $134.12 | 25 | ||||||
| Premium was | Buy Back was | Total Cash Flow I made | |||||||
| $1.21 | $0.02 | $174.00 | |||||||
| -50% Rule? | Percentage Down | ||||||||
| YES | -98.35% | ||||||||
| WHY I CLOSED this CCW Trade > this being one of my Double my Dividend trade I have no problem taking this trade off the board early and think about ROLLING it Monday ... I was in the buy back mood ... but come Monday we will put it in the game 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. | |||||||||
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