| All rights reserved - Core Position Trading, LLC-2023 | |||||||||
 | NEW CCW TRADE | ||||||||
| STANDARD COVERED CALL TRADE IS NOW | CLOSED | ||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| DAYS ON | THIS COVERED CALL TRADE IS CLOSED / NO ROLL | ||||||||
| 20 | April 20, 2023 | May 10, 2023 | |||||||
BROS |  | TIME AND DATE STAMP | |||||||
| Wednesday, May 10, 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, (10) Covered Call contract(s) were sold on Dutch Bros Inc (ticker: BROS) for the May-10-2023 Expiration Date, $35 Strike Price for a Premium of $0.6 > BROS was trading for $30.56 a share. Because I bought this option back early, I did not make max profit. The final profit / cash flow collected it posted below. Instead of making the original premium, I collected $0.55 or +0.91% of the total projected cash flow for this trade. | |||||||||
| I have owned these shares with an original cost basis of $35 | |||||||||
| PREMIUM ONLY TRADE | |||||||||
| Because I bought this option back, my shares were not taken and this is a premium profit trade only. | |||||||||
| Stock Price - placed | Date | Total Prem$ | Contracts | ||||||
| $30.56 | Apr-20 | $0.60 | 10 | ||||||
| Strike Price | Expire | Days | Projected Cash Flow | ||||||
| $35.00 | May-19 | 20 | $550.00 | ||||||
| WHY I CLOSED this CCW Trade > With 9 days left on this trade and Dutch Bros basically getting kicked in the ribs at a point where it will not reach this 35 strike price we're going to go ahead and take these shares off the board and sit back maybe over the next couple days we get a green day I could possibly write that out of the money strike where my shares won't be challenged being assigned because remember my stock purchase price is much higher than anything lower than $35 we take this $550 put it in the wallet we will sit on our hands and wait for an opportunity in the next 9 days | |||||||||
| WHATS THE CASH ON CASH PERCENTAGE GAIN (IF ANY) | |||||||||
| Premium collected? | CoC% +/- | Contracts | Cash Flow collected | ||||||
| $0.55 | 1.80% | 10 | $550.00 | ||||||
| Buy Back Cost | -50% Rule? | Percentage Down | DO NOT MEET 3% GOAL | ||||||
| -$0.05 | YES | -91.67% | |||||||
| 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% preferred | |||||||||
| WHAT IS THE PLAN FOR THESE SHARES? | |||||||||
| BECAUSE I DID NOT ROLL FOR ANOTHER CREDIT, I'M TAKING A 'WAIT AND SEE' APPROACH AND WILL MONITOR THE MARKETS DAILY FOR ANOTHER CHANCE TO PUT THESE SHARES 'IN PLAY' HOPING TO ACHIEVE A PROFIT ON THE COST BASIS OF MY SHARE PURCHASE | |||||||||
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| 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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