| All rights reserved - Core Position Trading, LLC-2022 | ||||
 | CLOSE OUT TRADE | |||
| PMCC COVERED CALL TRADE WAS CLOSED TODAY | CLOSED | |||
| This Poor Man's Covered Call trade has been closed out and the profit or loss numbers are posted below. Close out means I SOLD the Leaps Call Option that supported the near term Covered Call positions | ||||
| THIS TRADE WAS PLACED INSIDE MY TAXABLE ACCOUNT | ||||
| WINNER! | $602.00 | |||
GILD |  | TIME AND DATE STAMP | ||
| Thursday, April 20, 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'. | ||||
| DAYS ON | THIS PMCC TRADE IS CLOSED / NO ROLL | |||
| 36 | March 15, 2023 | April 20, 2023 | ||
| FINAL PROFIT / LOSS NUMBERS BELOW | ||||
| $602.00 | 7.56% | |||
| DETAILS OF THE LEAP CALL OPTION TRADE | ||||
| SYMBOL | LEAP | STRIKE | PAID | INVESTMENT |
| GILD | Jan2024 | $40.00 | $39.80 | $7,960.00 |
| CONTRACTS | 2 | DELTA | .98 | YES |
| PMCC Golden Rule - BUY the ~80 or greater DELTA | ||||
| BELOW IS THE PURCHASE PRICE AND SALE OF THE LEAP CALL OPTION | ||||
| WHAT I PAID | SOLD PRICE | .+/- % | ||
| $39.80 | $44.65 | 12.19% | ||
| 12.19% | $970.00 | |||
| WHY I SOLD THIS LEAP Call Option > Because I do not like buying back my near term CCW at a loss then ROLL when my LEAP Call Option is profitable, I take this trade off the board profiting ... Ive ROLLED before to have bad things happen. We play it safe here, close this trade and profit. | ||||
| DETAILS OF THE COVERED CALL TRADES | ||||
| -4.62% | -$368.00 | |||
| DATE | CONTRACTS | PREMIUM | BUY BACK | CASH PROFIT |
| Mar-15 | 2 | $2.51 | $4.35 | -$368.00 |
| WHY I CLOSED this PMCC CCW Trade > With tomorrow being expiration and the stock now trading some $4 over my stock purchase price I now need to take action and instead of rolling this option I'm going to go ahead and close it and book the profits losing money on the near-term covered call but making money on my LEAPS call option | ||||
| 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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