| All rights reserved - Core Position Trading, LLC-2023 | |||||||||
 | NEW CCW TRADE | ||||||||
| STANDARD COVERED CALL TRADE IS NOW | OPEN | ||||||||
| THIS TRADE WAS PLACED INSIDE MY TAXABLE ACCOUNT | |||||||||
| DAYS | THIS NEW CCW TRADE BEGINS AND ENDS | ||||||||
| 32 | February 27, 2023 | March 31, 2023 | |||||||
TNA | TIME AND DATE STAMP | ||||||||
| Monday, February 27, 2023 | |||||||||
| 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'. | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today, (3) Covered Call contract(s) were sold on Direxion Daily Small Cap Bull 3X ETF (ticker: TNA) for the Feb-25-2023 Expiration Date, $40.50 Strike Price for a Premium of $2.45 TNA was trading for $39.67 a share. | |||||||||
| I have owned these shares with an original cost basis of $40.78 | |||||||||
| PREMIUM ONLY TRADE | |||||||||
| IF my shares are assigned, this will be basically a BREAK EVEN trade where my shares will be take at my Cost Basis for the share purchase | |||||||||
| Stock Price - placed | Date | Total Prem$ | Contracts | ||||||
| $39.67 | Feb-27 | $2.45 | 3 | ||||||
| Strike Price | Expire | Days | Projected Cash Flow | ||||||
| $40.50 | Mar-31 | 32 | $735.00 | ||||||
| WHY I OPENED this CCW Trade > just taking advantage of the markets being green, this strike price basically would make me EVEN on the shares and with the (2) CCW's I've done, this would be a nice little 2 month trade with nice cash flow prems being picked up ... will manage trade as I go | |||||||||
| WHATS THE CASH ON CASH PERCENTAGE GAIN | |||||||||
| Stock Price - placed | Strike Price | Total Prem$ | Contracts | ||||||
| $39.67 | $40.50 | $2.45 | 3 | ||||||
| Premium Only? | CoC% | Share Taken? | COST BASIS MUCH HIGHER | ||||||
| $735.00 | 6.18% | LOSS | |||||||
| General plan for my Covered Call Write Cash on Cash % investments > I like to generate a 3% Cash on Cash return on my money invested ... depending on the timeframe ... 1 week, 1% is ok but if 30 days I want more like 3 to 4% perferred | |||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $40.78 | Purchased | 300 | -$12,150.00 | ||||||
| Cost Basis | Strike | Prem | Up or Down? | ||||||
| $40.78 | $40.50 | $2.45 | $735.00 | ||||||
| HAVE I SOLD COVERED CALLS? YES > | YES | ||||||||
| WOULD I SUGGEST THIS TRADE? | |||||||||
| TNA is a HIGHLY AGGRESSIVE STOCK and only the well experienced options trader should get involved. TNA is a 3x leveraged ETF that will swing in such violent price movements one could definitly being emotional effected if the stock falls.... so be careful but if you do trade this stock know that the premiums will pay you well for your efforts. I can help guide you through a trade if you have questions later | |||||||||
| ___________________________________________________________________________________ | |||||||||
| 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. | |||||||||
| Disclaimer - Yes - at the time of this posting I do own shares. That could mean in my taxable , non-taxable accounts or both. I am by no means recommending this stock for purchase | |||||||||
| 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 | |||||||||
| © 2023 Core Position Trading, LLC and the CPT Dashboard - All Rights Reserved | Disclaimer | ||||||||
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